<SEC-DOCUMENT>0001292814-18-002037.txt : 20180605
<SEC-HEADER>0001292814-18-002037.hdr.sgml : 20180605
<ACCEPTANCE-DATETIME>20180604191837
ACCESSION NUMBER:		0001292814-18-002037
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20180630
FILED AS OF DATE:		20180605
DATE AS OF CHANGE:		20180604

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMBEV S.A.
		CENTRAL INDEX KEY:			0001565025
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36165
		FILM NUMBER:		18879681

	BUSINESS ADDRESS:	
		STREET 1:		RUA DR. RENATO PAES DE BARROS, 1017
		STREET 2:		3 ANDAR PARTE
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			04530-000
		BUSINESS PHONE:		55(11)2122-1414

	MAIL ADDRESS:	
		STREET 1:		RUA DR. RENATO PAES DE BARROS, 1017
		STREET 2:		3 ANDAR PARTE
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			04530-000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	InBev Corporate Holdings Inc.
		DATE OF NAME CHANGE:	20121219
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ambevsa20180529_6k.htm
<DESCRIPTION>AMBEVSA20180529_6K
<TEXT>

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   <TITLE>ambevsa20180529_6k.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Washington, D.C. 20549 </B></FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>FORM 6-K</B></FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Report of Foreign Private Issuer<BR>Pursuant to Rule 13a-16 or 15d-16 of the</FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Securities Exchange Act of 1934</FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center>

<DIV><FONT color=#000000 size=3 face="Times New Roman"><B>For the month of May, 2018 </B></FONT></DIV>

<P align=justify></P><FONT color=#000000 size=3 face="Times New Roman"><B>Commission File Number 1565025</B></FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<CENTER></CENTER>

<P align=justify></P>

<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>AMBEV S.A. </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Exact name of registrant as specified in its charter) </FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center></DIV>

<P align=justify></P>

<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>AMBEV S.A. </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Translation of Registrant's name into English)</FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<P align=justify></P>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Rua Dr. Renato Paes de Barros, 1017 - 3rd Floor <BR>04530-000 S&#227;o Paulo, SP<BR>Federative Republic of Brazil </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Address of principal executive office)</FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center>

<P><FONT color=#000000 size=3 face="Times New Roman">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.&nbsp; </FONT></P>

<P><FONT size=3 face="Times New Roman, Times, Serif"><BR>Form 20-F ___X___ Form 40-F _______</FONT> </P>

<P align=left>&nbsp;<FONT size=3 face="Times New Roman, Times, Serif">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. </FONT>&nbsp;</P><FONT size=3 face="Times New Roman, Times, Serif">Yes _______ No ___X____</FONT>

<P align=justify></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<DIV style="BORDER-TOP: black 4.5pt solid; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; PADDING-TOP: 22pt; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 2.65pt 0cm 10pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT></B>&nbsp;</P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">1.1 &#8211; Individual statements and identification of persons responsible for the content</FONT></B></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Statement by the Chief Executive Officer</FONT></B></P>

<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

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<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Name of the person responsible for the content of the form</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Bernardo Pinto Paiva</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Position of the person responsible</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">

   <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">General Manager</FONT></FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The aforementioned executive officer states that:</FONT></U></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">He has reviewed the reference form;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">All information contained in the form complies with the provisions of CVM Instruction 480, especially sections 14 and 19; and</FONT></P>

<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">the combined information contained therein is a true, precise and complete reflection of the economic and financial condition of the issuer and the risks inherent to its business, as well as the securities issued by it.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 59.75pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo, May 29, 2018.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 59.75pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 59.75pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 59.75pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="100%">

   <P style="MARGIN: 0cm 0cm 0pt"><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">/s/ Bernardo Pinto Paiva</FONT></U></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Name: Bernardo Pinto Paiva</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Title: </FONT><FONT style="POSITION: relative; TOP: 0.5pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">General Manager</FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1</FONT></P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Statement by
the Investor Relations Officer</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

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    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0pt 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Name of
      the person responsible for the content of the form</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 10pt 35.45pt; TEXT-INDENT: -17.15pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Ricardo
      Rittes de Oliveira Silva</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0pt 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Position of the person
      responsible</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 10pt 18.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Chief Financial and Investor Relations
      Officer</FONT></FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
aforementioned executive officer states that:</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">He has reviewed the reference form;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">All information contained in the form complies with the
provisions of CVM Instruction 480, especially sections 14 and 19; and</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">the combined information contained therein is a true,
precise and complete reflection of the economic and financial condition of the
issuer and the risks inherent to its business, as well as the securities issued
by it.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo, May
29, 2018.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 59.75pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 59.75pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 59.75pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

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    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="100%">
      <P style="MARGIN: 0cm 0cm 0pt"><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">/s/ Ricardo Rittes de Oliveira Silva</FONT></U></P>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Name: Ricardo Rittes de Oliveira Silva</FONT></P>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Title: </FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Chief Financial and Investor Relations
      Officer</FONT></FONT></P>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_3></A>
<a name="_bclPageBorder3"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader3"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">2.1/2.2 &#8211; Auditors&#8217; Identification and
Compensation</FONT></B></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 7.35pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Does issuer have an
    auditor?</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">YES </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CVM Code</FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">385-9</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Type of
      auditor</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Domestic</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Name/Business Name:</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Deloitte
      Touche Tohmatsu Auditores Independentes</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Taxpayer
      ID</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">49.928.567/0001.11</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Period
      when services were rendered</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">January
      1, 2015 to December 31, 2015</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Description of the service
    retained</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Audit or
      accounting review of the Company&#8217;s financial statements and tax
      advisory.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total
      compensation of the independent auditors, segregated by type of
      service</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The total compensation of Deloitte Touche Tohmatsu
      Auditores Independentes for services rendered to the Company during the
      year 2015 was R$7,998,191.03, of which R$4,877,704.45 refer to audit
      services for reviewing the 2015 financial statements, including the
      quarterly reviews, R$2,438,352.12 referring to the audit of the
      subsidiaries and R$682,134.46 referring to other
services.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Justification for the replacement</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
      replacement served to comply with the mandatory rotation of the
      independent auditors pursuant to section 31 of CVM Instruction
      308/99.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Reason
      submitted by the auditor in the event of disagreement with issuer&#8217;s
      justification</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
      applicable.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 96.1pt 0pt 269.55pt; TEXT-INDENT: -262.2pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="26%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Name of
      the Technical Person Responsible</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Period
      when services were rendered</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Taxpayer
      ID (CPF)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="40%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Address</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="26%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Vagner Ricardo Alves</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 16.8pt 0pt 1.5pt" align=center><FONT style="POSITION: relative; TOP: 1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">January
      1, 2015 to December 31, 2015</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">084.811.888-08</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="40%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Rua Henri Dunant, 1383 &#8211; 9<SUP>th</SUP> floor
      </FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo - SP, Brazil, Postal Code
      04709-111</FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Telephone: (11) 5186-1185</FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Fax: (11) 5186-1333</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Email:
valves@deloitte.com</FONT></P></TD></TR></TABLE></DIV><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_4></A>
<a name="_bclPageBorder4"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader4"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Does issuer have an
    auditor?</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">YES </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CVM Code</FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">385-9</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Type of
      auditor</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Domestic</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Name/Business Name:</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Deloitte
      Touche Tohmatsu Auditores Independentes</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Taxpayer
      ID</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">49.928.567/0001.11</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Period
      when services were rendered</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">January
      1, 2016 to December 31, 2016</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Description of the service
    retained</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Audit or
      accounting review of the Company&#8217;s financial statements and tax
      advisory.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total
      compensation of the independent auditors, segregated by type of
      service</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
      total compensation of Deloitte Touche Tohmatsu Auditores Independentes for
      services rendered to the Company during the year 2016 was R$9,167,000.00,
      of which R$4,532,000.00 refer to audit services for reviewing the 2016
      financial statements, including the quarterly reviews, R$3,512,000.00
      referring to the audit of the subsidiaries and R$1,123,000 referring to
      other services.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Justification for the replacement</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
      applicable, since there was no replacement.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Reason
      submitted by the auditor in the event of disagreement with issuer&#8217;s
      justification</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
      applicable.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="26%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Name of
      the Technical Person Responsible</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Period
      when services were rendered</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Taxpayer
      ID (CPF)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="40%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Address</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="26%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Alexandre Cassini Decourt</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 16.8pt 0pt 1.5pt" align=center><FONT style="POSITION: relative; TOP: 1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">January
      1, 2016 to December 31, 2016</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">257.953.648-51</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="40%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 7.1pt" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Av Dr.
      Chucri Zaidan, 1.240, Condom&#237;nio Morumbi Corporate &#8211; Golden Tower &#8211; 4th to
      12th floors, </FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo &#8211; SP, Brasil, Postal Code
      04711-130</FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Telephone (11) 5186-1183</FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Email:
      acassini@deloitte.com</FONT></FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">4</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_5></A>
<a name="_bclPageBorder5"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader5"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Does issuer have an
    auditor?</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">YES </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CVM Code</FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">385-9</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Type of
      auditor</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Domestic</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Name/Business Name:</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Deloitte
      Touche Tohmatsu Auditores Independentes</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Taxpayer
      ID</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">49.928.567/0001.11</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Period
      when services were rendered</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">January
      1, 2017 to December 31, 2017</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Description of the service
    retained</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Audit or
      accounting review of the Company&#8217;s financial statements.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total
      compensation of the independent auditors, segregated by type of
      service</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;The total compensation of Deloitte Touche
      Tohmatsu Auditores Independentes for services rendered to the Company re.
      audit services for reviewing the 2017 financial statements was R$
      7,801,000.00.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Justification for the replacement</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
      applicable, since there was no replacement.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Reason
      submitted by the auditor in the event of disagreement with issuer&#8217;s
      justification</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
      applicable.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="26%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Name of
      the Technical Person Responsible</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Period
      when services were rendered</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Taxpayer
      ID (CPF)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="40%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Address</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="26%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Alexandre Cassini Decourt</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 16.8pt 0pt 1.5pt" align=center><FONT style="POSITION: relative; TOP: 1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">January
      1, 2017</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">257.953.648-51</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="40%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 7.1pt" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Av Dr.
      Chucri Zaidan, 1.240, Condom&#237;nio Morumbi Corporate &#8211; Golden Tower &#8211; 4th to
      12th floors, </FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo &#8211; SP, Brasil, Postal Code
      04711-130</FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Telephone (11) 5186-1183</FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Email:
      acassini@deloitte.com</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="26%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Eduardo Franco Ten&#243;rio</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 16.8pt 0pt 1.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">July 13, 2017 to December 31, 2017</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">132.142.498-19</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="40%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 7.1pt" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Av. Dr.
      Chucri Zaidan, 1.240, Condom&#237;nio Morumbi Corporate &nbsp;&#8211; Golden Tower &#8211;
      4th to 12th floors, </FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo &#8211; SP, Brasil, Postal Code
      04711-130</FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Telephone (11) 5186-1332</FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 7.1pt" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Email:
      </FONT></FONT><FONT style="POSITION: relative; TOP: -1.5pt" color=windowtext face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">eftenorio@deloitte.com</FONT></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_6></A>
<a name="_bclPageBorder6"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader6"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Does issuer have an
    auditor?</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">YES </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CVM Code</FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">385-9</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Type of
      auditor</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Domestic</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Name/Business Name:</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Deloitte
      Touche Tohmatsu Auditores Independentes</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Taxpayer
      ID</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">49.928.567/0001.11</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Period
      when services were rendered</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">January
      1, 2018 (current year)</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Description of the service
    retained</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Audit or
      accounting review of the Company&#8217;s financial statements and tax
      advisory.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total
      compensation of the independent auditors, segregated by type of
      service</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
      applicable.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0cm 10pt 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Justification for the replacement</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
      applicable, since there was no replacement.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Reason
      submitted by the auditor in the event of disagreement with issuer&#8217;s
      justification</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
      applicable.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="26%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Name of
      the Technical Person Responsible</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Period
      when services were rendered</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Taxpayer
      ID (CPF)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="40%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Address</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="26%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Eduardo Franco Ten&#243;rio</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 16.8pt 0pt 1.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">January 1, 2018 (current year)</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">132.142.498-19</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="40%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 7.1pt" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Av. Dr.
      Chucri Zaidan, 1.240, Condom&#237;nio Morumbi Corporate &nbsp;&#8211; Golden Tower &#8211;
      4th to 12th floors, </FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo &#8211; SP, Brasil, Postal Code
      04711-130</FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Telephone (11) 5186-1332</FONT></FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.5pt 0pt 7.1pt" align=center><FONT style="POSITION: relative; TOP: -1.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Email:
      </FONT></FONT><FONT style="POSITION: relative; TOP: -1.5pt" color=windowtext face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">eftenorio@deloitte.com</FONT></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_7></A>
<a name="_bclPageBorder7"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader7"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">2.3 &#8211; Other
material information</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt 63.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">There is no
other material information about the subject matter that has not already been
disclosed in this section</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">7</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_8></A>
<a name="_bclPageBorder8"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader8"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">3.1 &#8211;
Financial Information &#8211; Consolidated</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 24pt">
    <TD style="HEIGHT: 24pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(In </FONT></I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais</FONT><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></I></P></TD>
    <TD style="HEIGHT: 24pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">31/Dec/2017</FONT></B></P></TD>
    <TD style="HEIGHT: 24pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">31/Dec/2016</FONT></B></P></TD>
    <TD style="HEIGHT: 24pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">31/Dec/2015</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shareholders&#8217; equity</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">47,982,855,000,00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">46,651,273,000,00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">50,333,633,000,00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total Assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">86,851,989,000,00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">83,841,418,000,00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">90,176,234,000,00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Revenue</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">47,899,276,000,00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">45,602,561,000,00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">46,720,141,000,00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Gross Result</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">29,857,498,000,00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">28,924,602,000,00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">30,658,770,000,00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Result</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,850,504,000,00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13,083,397,000,00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12,879,141,000,00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Shares, ex-Treasury (Units)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,710,221,382</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,701,102,928</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,685,094,439</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Equity Value per Share (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> per Unit)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3.054</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2.971</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3.209</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Basic earnings per common share</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.47</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.80</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.79</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Diluted earnings per common share</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.46</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.79</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.79</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">8</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name="page_9"></A>

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<a name="_bclHeader9"></a><DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">3.2 &#8211; Non-accounting measurements</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a) Amount and </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">b</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">) Reconciliations between the amounts disclosed and the amounts in the audited </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">financial statements</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company uses performance indicators as adjusted earnings of the consolidate transaction before the financial result and taxes on income (adjusted EBIT) and adjusted earnings of the consolidated transaction before the financial result, taxes on income and expenses with depreciation and amortization (adjusted EBITDA).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 14.5pt">

   <TD style="HEIGHT: 14.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Reconciliation of Net Income/</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">Adjusted EBITDA </FONT></B></P>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.5pt">

   <TD style="HEIGHT: 14.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">(</FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Description of the Account in millions of </FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Reais)</FONT></B></P></TD>

   <TD style="HEIGHT: 14.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="40%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Years ended:</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.5pt">

   <TD style="HEIGHT: 14.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">31/Dec/2017</FONT></B></P></TD>

   <TD style="HEIGHT: 14.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">31/Dec/2016</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.5pt">

   <TD style="HEIGHT: 14.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Net Income - Ambev</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">7,331.97</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">12,546.61</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Minority interests</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">518.54</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">536.79</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Expenses with income and social contribution taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">5,079.30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">314.97</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Pre-tax Income</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">12,929.81</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">13,398.37</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Equity income from common controlled companies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">3.12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">4.99</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Net Financial Income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">3,493.90</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">3,702.01</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Non-recurring items <SUP>(1)</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">108.70 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">(1,134.33)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Adjusted EBIT</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">16,535.52</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">15,971.04</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Depreciation, amortization &amp; impairment (excluding non-recurring items)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">3,612.08</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">3,512.04</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Adjusted EBITDA</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">20,147.60</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">19,483.08</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="60%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt 1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt 1cm"><SUP><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(1) </FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Non-recurring items consist of the following:</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 15.25pt">

   <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1.5pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Non-recurring items</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="42%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Years ended:</FONT></B></P></TD></TR>

<TR style="HEIGHT: 15.25pt">

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1.5pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Description of the Account (in millions of </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">)</FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">31/Dec/2017</FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">31/Dec/2016</FONT></P></TD></TR>

<TR style="HEIGHT: 15.25pt">

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1.5pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Result from exchange of shares</FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">1,239.97</FONT></P></TD></TR>

<TR style="HEIGHT: 15.25pt">

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1.5pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Restructuring</FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">(105.46)</FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">(79.82)</FONT></P></TD></TR>

<TR style="HEIGHT: 15.25pt">

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1.5pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Costs from business combination</FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">(3.84)</FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">(29.78)</FONT></P></TD></TR>

<TR style="HEIGHT: 15.25pt">

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1.5pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Others </FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">0.60</FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">3.96</FONT></P></TD></TR>

<TR style="HEIGHT: 15.25pt">

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1.5pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="58%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">TOTAL</FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">(108.70)</FONT></P></TD>

   <TD style="HEIGHT: 15.25pt; BORDER-RIGHT: windowtext 1.5pt solid; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">1,134.33</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c) Reason why it is assumed that this measure is more appropriate for correctly understanding the Company&#8217;s financial condition and result of operations</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company Management uses performance indicators as adjusted earnings of the consolidate transaction before the financial result and taxes on income (adjusted EBIT) and adjusted earnings of the consolidated transaction before the financial result, taxes on income and expenses with depreciation and amortization (adjusted EBITDA) as segment performance measurers to take decisions on the allocation of resources and performance analysis of the consolidated transaction.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">It should also be emphasized that Adjusted EBITDA is used by management to measure performance, for which reason the Company believes it is important to include it in this reference form. The Company&#8217;s management believes that Adjusted EBITDA is a practical measurement for assessing its operating performance, while enabling a comparison with other companies in the same segment, even though other <FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">companies may calculate it differently. Finally, it should be emphasized that adjusted measurers are additional measures used by the management and shall not replace the measurers calculated in accordance with IFRS as a performance indicator of the Company.</FONT></FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">9</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">3.3 &#8211; Events subsequent to the latest financial statements</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">There are three events subsequent to the last consolidated financial statements related to the year ended 2017, as provided below:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman">i) In January 2018, the Company, through its subsidiaries Labatt Breweries and Ambev Luxembourg, contracted two new loans totaling R$2.0 billion, approximately, with maturity within one year.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman">ii) In January 2018, the Company informed its shareholders and the market in general that, in line with the announcement to the market disclosed on December 1, 2017, it completed the transaction with ELJ, a partner of Tenedora, owner of almost the totality of CND. As a result of the completion of the transaction, the Company, directly or indirectly, became the owner of 85% of Tenedora, with ELJ holding the remaining 15%, as well as that the beginning of the period for the Company to exercise its call option of the ELJ interest was changed from January 2019 to January 2022.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">iii) In September 2017, Cervecer&#237;a y Malter&#237;a Quilmes S.A., a subsidiary of Ambev, entered into an agreement, whereby AB InBev granted a perpetual license to Quilmes Argentina for distribution of&nbsp; Budweiser brand and other North American brands, after recovering the rights of distribution of such brands by AB InBev from the Chilean company Compa&#241;ia Cervecer&#237;as Unidas S.A. - CCU. The agreement also provides for the transfer of Cervecer&#237;a Argentina Sociedad Anonima Isenbeck by AB InBev to Quilmes, and the transfer by Quilmes of certain Argentine brands (Norte, Iguana and Baltica) and related business assets, in addition to USD 50 million by Quilmes. The closing of the transaction was subject to approval by the Argentine antitrust authority (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Comisi&#243;n Nacional de Defensa de la Competence</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">) of the major documents of the transaction and other customary closing conditions. The Argentine antitrust authority's approval came into effect on April 27, 2018, and the transaction was completed on May 2, 2018. The Company estimates a positive impact of R$ 57 million in the income for the year as a result of applying the accounting practice of exchange of assets involving transactions under common control.</FONT></P><FONT style="POSITION: relative; TOP: 0.5pt" color=black face="times new roman"></FONT>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" color=black face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">10</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">3.4&nbsp;&#8211; Earnings distribution policy </FONT></B></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal" face="times new roman">2015</FONT></B></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal" face="times new roman">2016</FONT></B></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="28%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal" face="times new roman">2017</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="20%">

   <P style="MARGIN: 0cm 0cm 0pt 6.6pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt 6.6pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Rules on retention of earnings</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.15pt 0pt 7.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s bylaws stipulate that an amount not exceeding 60% of the adjusted annual net income be allocated to the reserve for investments, for the purpose of financing the growth of the Company&#8217;s activities and those of its subsidiaries, including by means of subscribing capital increases or creating new businesses, and which may not exceed 80% of the paid-up capital stock.</FONT></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.15pt 0pt 7.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s bylaws stipulate that an amount not exceeding 60% of the adjusted annual net income be allocated to the reserve for investments, for the purpose of financing the growth of the Company&#8217;s activities and those of its subsidiaries, including by means of subscribing capital increases or creating new businesses, and which may not exceed 80% of the paid-up capital stock.</FONT></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="28%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.15pt 0pt 7.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s bylaws stipulate that an amount not exceeding 60% of the adjusted annual net income be allocated to the reserve for investments, for the purpose of financing the growth of the Company&#8217;s activities and those of its subsidiaries, including by means of subscribing capital increases or creating new businesses, and which may not exceed 80% of the paid-up capital stock.</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="20%">

   <P style="MARGIN: 0cm 0cm 0pt 6.6pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a.1) Retained Earnings Amounts/Percentage on Total Reported Profit</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 7.15pt 0pt 7.95pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">R$ 3,258,060,978.5 / 25.3%</FONT></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 7.15pt 0pt 7.95pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">$ 3,538,095,967.7 / 27%</FONT></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="28%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 7.15pt 0pt 7.95pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">R$2,730,131.0 / 34.8%</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="20%">

   <P style="MARGIN: 0cm 0cm 0pt 6.6pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Rules on dividend distribution</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.15pt 0pt 7.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s bylaws stipulate that at least 40% of the adjusted net income, pursuant to section 202 of Law 6404/76, be distributed annually to the shareholders by way of mandatory dividends. </FONT></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.15pt 0pt 7.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s bylaws stipulate that at least 40% of the adjusted net income, pursuant to section 202 of Law 6404/76, be distributed annually to the shareholders by way of mandatory dividends. </FONT></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="28%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.15pt 0pt 7.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s bylaws stipulate that at least 40% of the adjusted net income, pursuant to section 202 of Law 6404/76, be distributed annually to the shareholders by way of mandatory dividends. </FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="20%">

   <P style="MARGIN: 0cm 0cm 0pt 6.6pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">c)&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">Frequency of dividend distributions</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.15pt 0pt 7.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Annual and interim.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">At any time, the board of directors may resolve to distribute interim dividends and/or interest on shareholders&#8217; equity, for the account of retained earnings or profit reserves appearing on the latest annual or semi-annual balance sheet.</FONT></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.15pt 0pt 7.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Annual and interim.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">At any time, the board of directors may resolve to distribute interim dividends and/or interest on shareholders&#8217; equity, for the account of retained earnings or profit reserves appearing on the latest annual or semi-annual balance sheet.</FONT></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="28%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.15pt 0pt 7.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Annual and interim.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">At any time, the board of directors may resolve to distribute interim dividends and/or interest on shareholders&#8217; equity, for the account of retained earnings or profit reserves appearing on the latest annual or semi-annual balance sheet.</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 3.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Occasional restrictions on dividend distribution imposed by legislation or by special regulations applicable to the Company by contract, court, administrative or arbitration rulings.</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 3.4pt; TEXT-INDENT: -2.55pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s bylaws state that 5% of annual net income be allocated to creating the legal reserve, which may not exceed 20% of the paid-up capital stock, or the limit envisaged in paragraph 1 of section 193 of Law 6404/76</FONT></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 3.4pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s bylaws state that 5% of annual net income be allocated to creating the legal reserve, which may not exceed 20% of the paid-up capital stock, or the limit envisaged in paragraph 1 of section 193 of Law 6404/76</FONT></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="28%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 3.4pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s bylaws state that 5% of annual net income be allocated to creating the legal reserve, which may not exceed 20% of the paid-up capital stock, or the limit envisaged in paragraph 1 of section 193 of Law 6404/76</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="20%">

   <P style="MARGIN: 0cm 0cm 0pt 6.6pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">e) In case the issuer has an expressly approved profit allocation policy, informing the corporate body responsible for approval, date of approval and, in case issuer discloses such policy, websites where such document is published.</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 3.4pt; TEXT-INDENT: -2.55pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 3.4pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="28%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 3.4pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">11</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">3.5 &#8211; Distribution of dividends and retention of net income</FONT></B></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 27.35pt">

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="27%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">(</FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Reais</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">)</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Year ended December 31, 2017</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Year ended December 31, 2016</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Year ended December 31, 2015</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Adjusted Net Income</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">7,442,547,766.57</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12,644,096,996.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12,515,891,819.00</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Dividend distributed in relation to the adjusted net income</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">63.32</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">72.02</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">73.97</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Rate of return on issuer&#8217;s shareholders&#8217; equity</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">15.51</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">26.98</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">28.32</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Total dividend and IOE (JCP) distributed</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">4,712,417,426.89</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">9,106,001,028.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">9,257,830,840.00</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Net income retained</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">374,391,277.91</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">3,538,095,967.70</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">3,258,060,979.00</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Retention approval date</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">April 27, 2018</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">April 28, 2017</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">April 29, 2016</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="31%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Year ended December 31, 2017</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="27%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Year ended December 31, 2016</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Year ended December 31, 2015</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">

   <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Net income retained</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Amount</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Payment</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Amount</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Payment</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Amount</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Payment</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="100%" colSpan=7>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Interest on Shareholders&#8217; Equity</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">

   <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Common</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" color=black face="times new roman">4,869,768,533,43</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" color=black face="times new roman">12/282017</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">3,454,172,970,16</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12/29/2016</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">2,352,754,159,20</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12/30/2015</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">2,039,170,956,94</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">02/29/2016</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">1,570,550,571,40</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">06/29/2015</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">942,965,619,18</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">03/31/2015</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="100%" colSpan=7>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Dividends</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">1,099,715,496,74</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">02/22/2018</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">2,511,950,431,36</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">11/25/2016</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">2,352,389,533,35</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">09/28/2015</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" color=black face="times new roman">2,513,076,777,14</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" color=black face="times new roman">07/17/2017</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">2,040,800,421,53</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">07/29/2016</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">1,099,077,204,96</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">02/23/2017</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">12</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name=page_14></A>
<a name="_bclPageBorder14"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader14"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">3.6 &#8211;
Declaration of dividends for the account of retained earnings or
reserves</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Event</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Approval</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Earnings </FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Paymt. Commences</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Year</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Type/Class of share</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Earnings per share</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total Earnings</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(in thousands of Reais)</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">23/Feb/2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest on shareholders&#8217; equity</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">31/Mar/2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2014</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0300</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">471,482</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">23/Feb/2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest on shareholders&#8217; equity</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">31/Mar/2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0600</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">942,965</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13/May/2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest on shareholders&#8217; equity</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29/Jun/2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.1000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,570,551</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28/Aug/2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Dividends</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28/Sep/2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.1500</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,352,390</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">01/Dec/2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest on shareholders&#8217; equity</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30/Dec/2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.1500</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,352,754</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15/Jan/2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest on shareholders&#8217; equity</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">29/Feb/2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.1300</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2.039.171</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">24/Jun/2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Dividends</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">29/Jul/2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.1300</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,040,800</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">19/Oct/2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Dividends</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">25/Nov/2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.1600</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,511,950</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">01/Dec/2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest on shareholders&#8217; equity</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">29/Dec/2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.2200</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,454,173</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">22/Dec/2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Dividends</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">23/Feb/2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.0700</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,099,077</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">17/May/2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Dividends</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">17/Jul/2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.1600</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,513,077</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">01/Dec/2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest on shareholders&#8217; equity</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">28/Dec/2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.3100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,869,769</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">21/Dec/2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Dividends</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">22/Feb/2018</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Common</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.0700</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,099,715</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">13</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_15></A>
<a name="_bclPageBorder15"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader15"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">3.7 &#8211;
Indebtedness</FONT></B></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt 2pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Year</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 0pt 7pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Sum of
      current and non-current liabilities </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="18%">
      <P style="MARGIN: 0cm 0cm 0pt 7pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Ratio
      type</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Indebtedness Ratio</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Description and reason for using a different
      ratio</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">31/Dec/2017</FONT></P>
      <P style="MARGIN: 0cm 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 0pt 7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">38,869.1</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="18%">
      <P style="MARGIN: 0cm 0cm 0pt 7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Indebtedness Ratio</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">81.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">0000000</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">%</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">14</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_16></A>
<a name="_bclPageBorder16"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader16"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">3.8 &#8211;
Obligations according to their nature and maturity period</FONT></B></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The following
table shows the Company&#8217;s consolidated obligations, according to their nature
and maturity period as of December 31, 2017:</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=6>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Year
      ended December 31, 2017 (</FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">in
      thousands de Reais</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">)</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="32%">
      <P style="MARGIN: 0cm 7.15pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Type of
      obligation: loans</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Less than one year</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">One to three years</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Three to five years</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Over five years</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 7.15pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">With
      Collateral</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,517</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17,220</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20,609</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">131,804</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">177,149</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 7.15pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">With
      Floating Guarantee</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 7.15pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Unsecured
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,042,191</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">621,044</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">79,611</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">64,467</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,807,313</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">With
      other types of guarantee or privilege</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,049,708</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">638,263</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100,220</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">196,270</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,984,462</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=6>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Year
      ended December 31, 2017 (</FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">in
      thousands de Reais</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">)</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="32%">
      <P style="MARGIN: 0cm 7.15pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Type of
      obligation: financing (BNDES and FINAMEs)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Less than one year</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">One to three years</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Three to five years</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Over five years</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 7.15pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">With
      Collateral</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24,208</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">40,226</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20,575</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,655</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">90,664</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 7.15pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">With
      Floating Guarantee</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 7.15pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Unsecured
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">247,206</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">127,979</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">375,186</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">With
      other types of guarantee or privilege</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">271,414</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">168,206</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20,575</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,655</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">465,849</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=6>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Year
      ended December 31, 2017 (</FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">in
      thousands de Reais</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">)</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="32%">
      <P style="MARGIN: 0cm 7.15pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Type of
      obligation: debt securities (debentures, bonds, etc.)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Less than one year</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">One to three years</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Three to five years</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Over five years</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 7.15pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">With
      Collateral</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 7.15pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">With
      Floating Guarantee</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 7.15pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Unsecured
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">102,739</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">102,739</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">With
      other types of guarantee or privilege</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="32%">
      <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">102,739</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">102,739</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Note: In line with the Circular Letter/CV/SEP/No.
02/2018, item 10.2.3.(g), unsecured or floating debts, regardless the fact that
they have personal guarantee, were classified as unsecured debts.</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">15</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_17></A>
<a name="_bclPageBorder17"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader17"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">3.9 &#8211; Other
material information</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the year
ended December 31, 2017, the debts of the Company have equal rights of payment
and there is no subordination among them. </FONT><FONT style="POSITION: relative; TOP: 0.5pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Except for the
credit lines due to FINAME contracted by the Company with BNDES, where
collateral is provided on assets acquired with the credit granted which serve as
collateral; other loans and financing contracted by the Company provide only
personal guarantees as collateral, or are unsecured. Most of the loan contracts
contain financial covenants including:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial covenants, including limitation to new
indebtedness;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cross Default;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Certification/Guarantee of the Company's
existence;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Maintenance, in use or in good conditions for business,
of properties and assets of the Company;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Limitation for conducting transactions for acquisition,
merger, sale or disposition of its assets;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Disclosure of financial statements and balance sheets, as
required by the Brazilian and international account standards;
and/or</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Prohibition related to collateral on new debts
undertaken, except if: (i) expressly authorized pursuant to that loan agreement;
(ii) in new debts undertaken before the Brazilian Government-related financial
institutions &#8211; including the BNDES &#8211; or foreign governments, irrespectively of
they are multilateral financial institutions (for example, the World Bank) or
located in jurisdictions in which the Company carries on its
activities.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">These clauses apply to the extent that the events
mentioned produce material adverse effects on the Company and / or its
subsidiaries or the rights of its creditors, and, in the event of a breach, the
Company is granted a grace period to cure such default.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Additionally, all agreements entered into with the BNDES
are subject to certain &#8220;provisions applicable to agreements entered into with
the BNDES&#8221; (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;). Such Provisions require the borrower, to obtain prior
consent of BNDES if they, for instance, wish to: (i) raise new loans (except for
loans described in the Provisions); (ii) give preference and/or priority to
other debts; and/or (iii) dispose of or encumber any item of their fixed assets
(except as provided for in the Provisions).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">16</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_18></A>
<a name="_bclPageBorder18"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader18"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 12pt 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.1- Description of Risk Factors </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">The
investment in securities issued by the Company involves significant risks. The
Company&#8217;s current and potential investors must carefully consider all
information contained in this Reference Form, including the risks described in
this section, the financial statements, and their accompanying notes, before
deciding to maintain or increase their investment in the Company&#8217;s securities.
The Company&#8217;s business, financial condition and operational results could be
significantly affected by the risks listed below. The market price of shares may
fall due to the occurrence of any of the risks listed below; thus, investors may
lose a portion or all the investment made in the Company&#8217;s shares. Risks that
are currently unknown to us, or that we usually consider as irrelevant, may also
have a material adverse effect on our business, financial condition, operational
results and the trading price of our shares.</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">For purposes
of this section 4, &#8220;Risk Factors&#8221;, except when otherwise stated in this
Reference Form, and where the context so requires, mentioning the fact that a
risk, uncertainty or problem may cause or have &#8220;adverse&#8221; or &#8220;negative&#8221; effects
on us, or similar expressions, means that such risk, uncertainty or problem may
have significant adverse effects on the business, financial condition,
operational results, cash flow, liquidity and/or future business of the Company
and/or its subsidiaries, as well as on the price of the securities issued by the
Company. Similar expressions included in this section 4, &#8220;Risk Factors&#8221;, must be
understood within this context. Notwithstanding the subdivision of this section
4, &#8220;Risk Factors&#8221;, certain risk factors included in one item may also be
applicable to other items regarding the Company.</FONT></I></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">a)
</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">With regard to the Company:</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We rely on the reputation of our brands and damages to
their reputation may have an adverse effect on our sales.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our success depends on our ability to maintain and
enhance the image and reputation of our existing products and to develop a
favorable image and reputation for new products. The image and reputation of our
products may be reduced in the future; concerns about product quality, even when
unfounded, could tarnish the image and reputation of our products. An event or
series of events that materially damages the reputation of one or more of our
brands could have an adverse effect on the value of that brand and subsequent
revenues from that brand or business. Restoring the image and reputation of our
products may be costly or not possible. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Moreover, our marketing efforts are subject to
restrictions on the permissible advertising style, media and messages used. In a
number of countries, for example, television is a prohibited channel for
advertising beer and other alcoholic products, and in other countries,
television advertising, while permitted, is carefully regulated. Any additional
restrictions in such countries, or the introduction of similar restrictions in
other countries, may constrain our brand building potential and thus reduce the
value of our brands and related revenues.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal" face="times new roman">Defective or contaminated products manufactured by us may
subject the Company to product recall or other responsibilities.
</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">We take precautions to ensure that our beverage products
and our associated packaging materials (such as bottles, crowns, cans and other
containers) meet accepted food safety and regulatory standards. Such precautions
include quality&#8209;control programs for primary materials, the production process
and our final products. We have established procedures to correct issues or
concerns detected.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the event of any failure to comply with accepted food
safety and regulatory standards (such as contamination or a defect) in the
future, it may lead to business interruptions, product recalls or liability,
each of which could have an adverse effect on our business, reputation,
prospects, financial condition and results of operations.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Although we maintain insurance policies against certain
product liability (but not product recall) risks, we may not be able to enforce
our rights in respect of these policies, and, in the event </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">that contamination or</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> a defect occurs, any amounts that we recover may not be
sufficient to offset any damage we may suffer, which could adversely impact our
business, results of operations and financial condition.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">17</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_19></A>
<a name="_bclPageBorder19"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader19"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We may not be able to protect our intellectual property
rights.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our future success depends significantly on our ability
to protect our current and future brands and products and to defend our
intellectual property rights, including trademarks, patents, domain names, trade
secrets and know-how. We cannot be sure that trademark and patent registrations
will be issued with respect to any of our applications before the applicable
agency. There is also a risk that we could, by omission, fail to renew a
trademark or patent on a timely basis or that our competitors will challenge,
invalidate or circumvent any existing or future trademarks and patents issued
to, or licensed by, us.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Although we have put in place appropriate actions to
protect our portfolio of intellectual property rights (including patent
applications, trademark and domain name registration), we cannot be certain that
the steps we have taken will be sufficient to protect our intellectual property
rights portfolio or that third parties will not infringe upon or misappropriate
the Company&#8217;s proprietary rights. If we are unable to protect our proprietary
rights against infringement or misappropriation, it could have a material
adverse effect on our business, results of operations, cash flows or financial
condition, and in particular, on our ability to develop our business.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We may not be able to recruit or retain key
personnel.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In order to develop, support and market our products, we
must hire and retain skilled employees with particular expertise. The
implementation of our strategic business plans could be undermined by a failure
to recruit or retain key personnel or the unexpected loss of senior employees,
including in acquired companies. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We face various challenges inherent in the management of
a large number of employees over diverse geographical regions. Key employees may
choose to leave their employment for a variety of reasons, including reasons
beyond our control. The impact of the departure of key employees cannot be
determined and may depend on, among other things, our ability to recruit other
individuals of similar experience and skill at an equivalent cost. It is not
certain that we will be able to attract or retain key employees and successfully
manage them, which could disrupt our business and have an unfavorable material
effect on our financial position, income from operations and competitive
position.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Information technology failures, including those that
affect the privacy and security of sensitive customer and business information,
could disrupt our operations.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We rely on information technology systems to process,
transmit, and store large amounts of electronic data, including personal
information. A significant portion of the communication between our personnel,
customers, and suppliers depends on information technology. As with all large
systems, our information systems may be vulnerable to a variety of interruptions
due to events beyond our control, including, but not limited to, natural
disasters, terrorist attacks, telecommunications failures, computer viruses,
hacker attacks or other security issues. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We depend on information technology to enable us to
operate efficiently and interface with customers, as well as to maintain
in-house management and control. We also collect and store non-public personal
information that customers provide to purchase products or services, including
personal information and payment information.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In addition, the concentration of processes in shared
services centers means that any technology disruption could impact a large
portion of our business within the operational regions we serve. Any transitions
of processes to, from or within shared services centers as well as other
transformational projects, could lead to business disruptions. . If we do not
allocate, and effectively manage, the resources necessary to build and sustain
the proper technology infrastructure, we could be subject to transaction errors,
processing inefficiencies, loss of customers, operations disruptions, or the
loss of or damage to intellectual property through security breach. As with all
information technology systems, our system could also be penetrated by outside
parties with the intent of extracting or corrupting information or disrupting
business processes. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We take various actions with the aim of&nbsp; minimizing
potential technology disruptions of technology, but all of these protections may
be compromised as a result of third parties security breaches, burglaries, cyber
attacks, errors by our employees or employees of third-party vendors, of
contractors, </FONT><a name="page_20"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">misappropriation of data by employees, vendors or
unaffiliated third parties, or other irregularities that may result in persons
obtaining unauthorized access to company&#8217;s data or otherwise disrupting our
business. These or other similar technology disruptions can have a material
adverse effect on our business, results of operations, cash flows and financial
condition.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">18</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_20></A>
<a name="_bclPageBorder20"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader20"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our insurance coverage may be insufficient to make us
whole on any losses that we may sustain in the future.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The cost of some of our insurance policies could increase
in the future. In addition, some types of losses, such as losses resulting from
wars, acts of terrorism, or natural disasters, generally are not insured because
they are either uninsurable or it is not economically practical to obtain
insurance. Moreover, insurers recently have become more reluctant to insure
against these types of events. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Should a material uninsured loss or a loss in excess of
insured limits occur, this could adversely impact our business, results of
operations and financial condition.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our shareholders may not receive any
dividends.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to our bylaws, we generally pay our
shareholders 40% of our annual adjusted net income, calculated according to
Brazilian Law</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> No. 6404/76, as amended (the </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8220;Brazilian Corporate Law&#8221;</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">),</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> according to the mechanisms described in our bylaws and
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">as presented in our unconsolidated financial statements
prepared under IFRS. The main sources for these dividends are cash flows from
our operations and dividends from our operating subsidiaries. Therefore, that
net income may not be available to be paid out to our shareholders in a given
year. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We might not pay dividends to our shareholders in any
particular fiscal year upon the determination of the Board of Directors that any
such distribution would be inadvisable in view of our financial condition. While
the law does not establish the circumstances rendering the payment of dividends
inadvisable, it is generally agreed that a company need not pay dividends if
such payment threatens its existence as a going concern or harms its normal
course of operations. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Any dividends not distributed would be allocated to a
special reserve account for future payment to shareholders, unless it is used to
offset subsequent losses or as otherwise provided for in our bylaws. It is
possible, therefore, that our shareholders will not receive dividends in any
particular fiscal year.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The relative volatility and illiquidity of securities of
Brazilian companies may substantially limit your ability to sell the Company&#8217;s
securities at the price and time you desire.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Investing in securities of companies in emerging markets,
such as Brazil, involves greater risk than investing in securities of companies
from more developed countries, and those investments are generally considered
speculative in nature. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazilian investments, such as investments in our common
shares and ADSs, are subject to economic and political risks, involving, among
other factors:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">changes in the Brazilian regulatory, tax, economic and
political environment that may affect the ability of investors to receive
payment, in whole or in part, in respect of their investments; and</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">restrictions on foreign investment and on repatriation of
capital invested.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Brazilian securities markets are substantially
smaller, less liquid and more concentrated and volatile than major U.S. and
European securities markets. They are also not as highly regulated or supervised
as those other markets. The relative illiquidity and smaller market
capitalization of Brazilian securities markets may substantially limit your
ability to sell the Company&#8217;s securities at the price and time you
desire.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Future share issues may reduce the value of equity held
by the current shareholders, significantly affecting the future market price of
Company&#8217;s shares.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company may need to raise additional capital in the
future, also by means of the issue of shares or debt securities convertible into
shares. Any additional capital obtained from the issue of shares may </FONT><a name="page_21"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">reduce the proportional interest held by the investors in
the Company&#8217;s capital, and reduce the earnings per share and the net equity
value per share; thus, any issue made by the Company or its major shareholders
may have adverse effects on the future market price of the Company&#8217;s
shares.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">19</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_21></A>
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<a name="_bclHeader21"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We are subject to risks related to pending legal and
administrative proceedings, and court decisions not favorable to the Company in
such actions may adversely affect its results of operations, cash flows and
financial condition.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We are now and may in the future be party to legal
proceedings and claims (including labor, tax and alcohol-related claims) and
significant damages may be asserted against us</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The results of legal and administrative proceedings are
uncertain, and, regardless of the merits of the claims, litigation can be
expensive, lengthy and adversely affect the Company. We can give no assurance
that the decisions or resolutions in any particular action will be favorable to
the Company. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Unfavorable
court decisions may adversely affect our business, brands, financial condition
and results of operations. For further information about the Company&#8217;s court and
administrative contingencies, see items 4.3 to 4.7 of this Reference
Form.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Our tax contingency has grown in recent years mainly
because their principal amount is adjusted on a monthly basis in accordance with
the SELIC rate and because of the highly litigious environment in Brazil in
connection with tax disputes. Such environment is caused, among other reasons,
by the highly complex tax legislation in Brazil, which in many instances reduces
certainty of interpretation, as well as impossibility of out of court
settlements between the Brazilian IRS and taxpayers. As the administrative phase
of our tax proceedings ends and the judicial proceedings begin, the Company will
be required to guarantee the amounts under discussion, through insurance bonds,
bank guarantees or bank deposits. We will continue to vigorously defend our
position in connection with such disputes and we may take, as we have done in
the past, the benefit of tax amnesty programs that from time to time are issued
by the Federal or State Governments.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Moreover, companies in the alcoholic beverage and soft
drink industries are, from time to time, exposed to collective suits (class
actions) or other litigation relating to alcohol advertising, alcohol abuse
problems or health consequences from the excessive consumption of beer, other
alcoholic beverages and soft drinks. As an illustration, certain beer and other
alcoholic beverage producers from Brazil and Canada have been involved in class
actions and other litigation seeking damages. If any of these types of
litigation were to result in fines, damages or reputational damage to us or our
brands, this could have a material adverse effect on our business, results of
operations, cash flows or financial position.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Contractual and legal restrictions to which Ambev and its
subsidiaries are potentially or allegedly subject may be triggered upon the
consummation of certain transactions involving our indirect controlling
shareholder, Anheuser-Busch InBev S.A./NV, or ABI, resulting in adverse
limitations to our operations.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev and its subsidiaries are a party to certain joint
venture, distribution and other agreements, guarantees and instruments that may
contain restrictive provisions that our contractual counterparties may try to
interpret as being triggered upon the consummation of certain unrelated
transactions of ABI. Some of those contracts may be material and, to the extent
they may contain any such restrictive provisions, our counterparties may seek to
enforce certain contractual remedies that may curtail material contractual
rights and benefits that we have thereunder under the argument that ABI&#8217;s
consummation of certain transactions has triggered the referred provisions.
Similarly, unrelated transactions consummated by ABI may subject us to further
antitrust restrictions in the countries in which we already operate. Any such
restrictions may limit the amount and quality of business we conduct in each of
those countries</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">20</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_22></A>
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<a name="_bclHeader22"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) In regard to the Company&#8217;s direct or indirect
controlling shareholder, or the controlling group:</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our controlling shareholders may adopt several corporate
measures without the approval of non-controlling
shareholders.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, our two direct controlling
shareholders, that is, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">I</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">te</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">rbr</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">w </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">I</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">t</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ati</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">o</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">al </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">V. and A</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">m</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">w S</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#224;.r.l.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, which are subsidiaries of A</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">nh</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">s</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">s</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ch </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">InBev S.A./NV, together with </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Funda&#231;&#227;o Antonio e Helena Zerrener Institui&#231;&#227;o Nacional
de Benefic&#234;ncia</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, held a 72.1% interest in the Company&#8217;s stock, except
for treasury shares. As of the same date, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">A</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">nh</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">s</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">s</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ch </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">InBev S.A./NV indirectly held a 61,9% interest in the
Company, except for treasury shares. Accordingly, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">A</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">s</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">s</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ch </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">I</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">v S.A./NV controls the Company, although (i) </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">A</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">s</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">us</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> I</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">v S.A./NV is still subject to the shareholders&#8217; agreement
entered into with </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Funda&#231;&#227;o Antonio e Helena Zerrener Institui&#231;&#227;o Nacional
de Benefic&#234;ncia</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">; and (ii) </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">A</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">s</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r-</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">us</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ch </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">I</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">vS.A./NV is controlled by Stichting Anheuser-Busch InBev
(formerly Stichting InBev and Stichting Interbrew), or Stichting, a foundation
organized under the laws of the Netherlands, which represents an important part
of interests of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Messrs. </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">J</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">or</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">P</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">lo </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">L</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">m</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">nn</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">M</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">cel Herrmann </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">T</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">elles and </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">C</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">l</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">o</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">s </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">A</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">l</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">to da Veiga Sic</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">p</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a, and the former shareholders in </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">I</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">te</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">rbr</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">w </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">I</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">te</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ati</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">o</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">l </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">V. (previous name of ABI).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our controlling shareholders are able to elect the
majority of the members of our Board of Directors and Fiscal Council, and
generally determine the outcome of most other actions requiring shareholder
approval, including dividend distributions, the consummation of corporate
restructurings, issuances of new shares, sales of materials assets and bylaw
amendments. Under Brazilian Law No. 6404/76, as amended, or the Brazilian
Corporation Law, the protections afforded to non-controlling security holders
may differ from, or be less comprehensive than, the corresponding protections
and fiduciary duties of directors applicable in the U.S. or other
jurisdictions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) In regard to the Company&#8217;s shareholders</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Please check item (b) above. There are no other risk
factors regarding the Company&#8217;s shareholders. </FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) In regard to the Company&#8217;s subsidiaries and
affiliates</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The ability of our foreign subsidiaries to distribute
cash upstream may be subject to various conditions and
limitations.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our foreign subsidiaries&#8217; ability to distribute cash (to
be used, among other things, to meet our financial obligations) through
dividends, intercompany advances, management fees and other payments is, to a
large extent, dependent on the availability of cash flows at the level of such
foreign subsidiaries and may be restricted by applicable laws and accounting
principles. In particular, 45% (R$21.5 billion) of our total net revenues of
R$47.9&nbsp;billion in 2017 came from our foreign subsidiaries. In addition,
some of our subsidiaries are subject to laws restricting their ability to pay
dividends or the amount of dividends they may pay.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">If we are not able to obtain sufficient cash flows from
our direct or indirect foreign subsidiaries, this could negatively impact our
business, results of operations and financial condition.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) In regard to the Company&#8217;s suppliers</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We rely on external suppliers for our production and
distribution, and the termination or modification of the arrangements with such
third parties could negatively affect our business.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We rely on external suppliers for a range of raw
materials for beer and other non-alcoholic beverages, and for packaging
material, including aluminum cans, glass, kegs and PET bottles. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We have a limited number of suppliers of aluminum cans,
glass and PET bottles. Consolidation of the aluminum can industry, glass and PET
bottle industry in certain markets in which we operate has reduced local supply
alternatives and increased the risk of disruption to aluminum can, glass and PET
bottle supplies. Although we generally have other suppliers of raw materials and
packaging materials, the </FONT><a name="page_23"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">termination of or material change to arrangements with
certain key suppliers, disagreements with those suppliers as to payment or other
terms, or the failure of a key supplier to meet our contractual obligations or
otherwise deliver materials consistent with current usage would or may require
us to make purchases from alternative suppliers, in each case at potentially
higher prices than those agreed with this supplier. Additionally, we may be
subject to potential reputational damage if one of our suppliers violates
applicable laws or regulations. These factors could a material adverse effect on
our business, results of operations, cash flows or financial
condition.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">21</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For certain packaging supplies, raw materials and
commodities, we rely on a small number of important suppliers. If these
suppliers became unable to continue to meet our requirements, and we are unable
to develop alternative sources of supply, our business, operations and financial
results could be adversely affected.</FONT></P>
<P style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#212121 face=inherit></FONT>&nbsp;</P>
<P style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#212121 face=inherit>In relation to its distribution network, the Company
hires the services of several transportation companies in Brazil. In case these
suppliers are unable to continue to meet the Company's needs, due to national or
regional shutdowns, fuel availability, road conditions, among other reasons, the
Company may not be able to transport its inputs/supplies and products throughout
the production/ distribution chain or in part of it, and therefore its business,
results of operations and financial condition could be adversely
affected.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">f) In regard
to the Company&#8217;s clients</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Demand for our products may be adversely affected by
changes in consumer preferences and tastes.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We depend on our ability to satisfy consumer preferences
and tastes. Consumer preferences and tastes can change in unpredictable ways due
to a variety of factors, such as changes in demographics, consumer health
concerns regarding obesity, product attributes and ingredients, changes in
travel, vacation or leisure activity patterns, weather, negative publicity
resulting from regulatory action or litigation against us or comparable
companies or a downturn in economic conditions. Consumers also may begin to
prefer the products of competitors or may generally reduce their demand for
products of our business segment. Failure by us to anticipate or respond
adequately to changes in consumer preferences and tastes could adversely impact
our business, results of operations and financial condition.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">g) In regard
to the sector in which the Company operates</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Volatility in commodities prices may adversely affect our
financial performance. </FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">A significant portion of our cost of sales is comprised
of commodities such as aluminum, sugar, corn, wheat and PET bottles, which
prices changes substantially in 2017. An increase in commodities prices directly
affects our consolidated operating costs. Although our current policy is to
mitigate our exposure risks to commodity prices whenever financial instruments
are available, we cannot assure that such hedging will be possible or available
at reasonable costs at all times in the future. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Set forth below is a table showing the volatility in 2017
prices of the principal commodities we purchase: </FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Commodity</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">High Price</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Low Price</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average in 2017</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fluctuation</FONT></B></P></DIV></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Aluminum (US$/ton)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,284.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,685.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,980.13</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35.5%</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Sugar (US$ cents/pounds)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21.18</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.55</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.78</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">68.8%</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Corn (US$ cents/bushel)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">392.25</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">329.50</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">359.22</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19.0%</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Wheat (US$ cents/bushel)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">539.25</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">387.25</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">435.76</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">39.3%</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">PET (US$/ton)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,045.63</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">892.50</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">970.71</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.2%</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman">Sources: </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Aluminum LME,
Sugar ICE, Corn CBOT, Wheat CBOT and PET IHS (former CMAI).</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">22</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">If we do not successfully comply with the anti-corruption
laws and regulations designed to combat governmental corruption in countries in
which we sell our products, we could become subject to fines, penalties or other
regulatory sanctions, as well as to adverse press coverage, which could cause
our reputation and sales to suffer.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Although we are committed to conducting business in a
legal and ethical manner in compliance with local and international statutory
requirements and standards applicable to our business, there is a risk that our
management, employees or representatives may take actions that violate
applicable laws and regulations prohibiting the making of improper payments to
foreign government officials for the purpose of obtaining or keeping business,
including laws relating to the 1997 OECD Convention on Combating Bribery of
Foreign Public Officials in International Business Transactions and the U.S.
Foreign Corrupt Practices Act, or the FCPA.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In addition, on January 29, 2014 the Brazilian government
enacted Law No. 12846/13 (&#8220;Brazilian Anti-corruption Law) imposing strict
liability on companies for acts of corruption perpetrated by their employees, or
the Brazilian Anti-corruption Law. According to the Brazilian Anti-corruption
Law, companies found guilty of bribery could face fines of up to 20% of their
gross annual income for the previous year or, if gross income cannot be
estimated, such fines could range from R$6&nbsp;thousand to R$60 million. Among
other penalties, the Brazilian Anti-corruption Law also provides for the
disgorgement of illegally obtained benefits, the suspension of corporate
operations, asset confiscation and corporate dissolution. The adoption of an
effective compliance program may be taken into consideration by Brazilian
authorities when applying a penalty under the Brazilian Anti-corruption
Law.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Despite the new Brazilian Anti-corruption Law, Brazil
still has a perceived elevated risk of public corruption, which may, to a
certain degree, leave the Company exposed to potential violations of the FCPA or
other anti-corruption laws, including the Brazilian Anti-corruption Law.
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The same applies to other countries where the Company
operates, such as El Salvador, Bolivia, Argentina, Guatemala, Dominican
Republic, Nicaragua and Paraguay, in which the level of perception of corruption
risk is also high</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Under the Brazilian political scenario, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a number of high profile corporate corruption allegations
have surfaced, principally since the beginning of 2014. In that respect,
Brazilian authorities currently investigating alleged corruption cases have in
2014 released a list of companies that had contracted consulting services from a
firm part-owned by a former elected government official who has been convicted
of corruption and racketeering by Brazil&#8217;s highest court. Years ago, we retained
the services of this consulting firm in connection with a specific matter and,
thus, have been cited among these consultant&#8217;s clients. We have reviewed our
internal control and compliance procedures in relation to these services and
have not identified any evidence of misconduct.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Although the Company has implemented what it understands
to be a very robust compliance and anti-corruption program to detect and prevent
violations of applicable anti-corruption laws, which includes a strict
requirement prohibiting our employees and agents from violating these laws,
there remains some degree of risk that improper conduct could occur, thereby
exposing the Company to potential liability and the costs associated with
investigating potential misconduct. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our existing internal controls and compliance procedures
may not be sufficient to prevent or detect all inappropriate conduct, fraud or
violations of applicable law by our employees, agents, and the companies to
which we outsource certain of our business operations. If we are not in
compliance with anti-corruption laws, anti-money laundering laws and other laws
governing the conduct of business with government entities, including under the
FCPA and Brazilian Anti-corruption Law, we may be subject to criminal and civil
penalties and other remedial measures, which could harm our brand and reputation
and have a material adverse impact on our business, financial condition, results
of operations and prospects.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Another potential fallout from having our name or brands
associated with any misconduct is adverse press coverage, which, even if
unwarranted or baseless, could damage our reputation, brands and sales.
Therefore, in case the Company is to be involved in any investigations, summons
or other proceedings under the FCPA, the Brazilian Anti-corruption Law or other
applicable anti-corruption rules, our business could be adversely
affected.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">23</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Competition could lead to a reduction of our margins,
increase costs and adversely affect our profitability.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company competes both to other brewers and other
beverage companies, and its products compete to other beverages, including of
other categories. Globally,&nbsp; brewers, as well as other players in the
beverages industry, compete mainly on the basis of brand image, price, quality,
distribution networks and customer service. Consolidation has significantly
increased the capital base and geographic reach of our competitors in some of
the markets in which we operate, and competition is expected to increase further
as the trend towards consolidation among companies in the beverage industry
continues.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Concurrently, competition in the beverage industry is
expanding and the market is becoming more fragmented, complex and sophisticated
as consumer preferences and tastes evolve. Competition may divert consumers and
customers from our products. Competition in our various markets could cause us
to reduce pricing, increase capital investment, increase marketing and other
expenditures, prevent us from increasing prices to recover higher costs, and
thereby cause us to reduce margins or lose market share. Any of the foregoing
could have a material adverse effect on our business, financial condition and
results of operations. Innovation faces inherent risks, and the new products we
introduce may not be successful, while competitors may be able to respond more
quickly than the Company can do to emerging trends.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Additionally, the unfair pricing practices in some
markets and the lack of transparency, or even certain illicit practices, such as
tax evasion and corruption, may skew the competitive environment, with material
adverse effects on our profitability or ability to operate.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Negative publicity focusing on our products or on the way
we conduct our operations may harm our business.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Media coverage and publicity generally can exert
significant influence on consumer behavior and actions. If the social
acceptability of beer, other alcoholic beverages or soft drinks were to decline
significantly, sales of our products could materially decrease. In recent years,
there has been increased public and political attention directed at the
alcoholic beverage and soft drink industries. This attention is a result of
public concern over (i) alcohol-related problems, including drunk driving, (ii)
underage drinking, as well as (iii) health consequences resulting from the
excessive consumption of beer and soft drinks (for example, alcoholism and
obesity). Factors such as negative publicity regarding the consumption of beer,
other alcoholic beverages or soft drinks, publication of studies indicating a
significant health risk from consumption of those beverages, or changes in
consumer perceptions affecting them could adversely affect the sale and
consumption of our products and harm our business, results of operations, cash
flows or financial condition to the extent consumers and customers change their
purchasing patterns.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Key brand names are used by us, our subsidiaries,
associates and joint ventures, and licensed to third-party brewers. To the
extent that we or one of our subsidiaries, associates, joint ventures or
licensees are subject to negative publicity, and the negative publicity causes
consumers and customers to change their purchasing patterns, it could have a
material adverse effect on our business, results of operations, cash flows or
financial condition. As we continue to expand our operations into emerging and
growth markets, there is a greater risk that we may be subject to negative
publicity, in particular in relation to labor rights and local work conditions.
Negative publicity that materially damages the reputation of one or more of our
brands could have an adverse effect on the value of that brand and subsequent
revenues from that brand or business, which could adversely impact our business,
results of operations, cash flows and financial condition.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">h) In regard
to the regulations of the sector in which the Company operates</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Brazilian government has exercised, and continues to
exercise, significant influence over the Brazilian economy; Brazilian economic
and political conditions have a direct impact on our business, and they may
adversely affect our results.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Brazilian economy has been characterized by
significant involvement on the part of the Brazilian government, which often
changes monetary, credit and other policies to influence Brazil&#8217;s economy. The
Brazilian government&#8217;s actions to control inflation and affect other policies
have often involved wage and price controls, the Central Bank&#8217;s base interest
rates, as well as other measures, such as the freezing of bank accounts, which
occurred in 1990.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">24</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Actions taken by the Brazilian government concerning the
economy may have important effects on the market conditions, prices of Brazilian
securities, Brazilian corporations and other entities, including the Company, ,
its inputs, products, distribution, sales force and financial condition. Our
financial condition and results of operations may be adversely affected by the
following factors and the Brazilian government&#8217;s response to the following
factors:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">devaluations and other exchange rate
movements;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">inflation;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">investments;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">exchange control policies;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">unemployment levels and labor regulation;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">social instability;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">price instability;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">energy shortages;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">water rationing;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">interest rates and monetary policies;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">liquidity of domestic capital and lending
markets;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">growth or downturn of the Brazilian economy;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">import and export controls;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">exchange controls and restrictions on remittances
abroad;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">tax policy and changes in the tax law; and</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">other political, diplomatic, social and economic
developments in or affecting Brazil.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Any of the situations above may have material adverse
effects on the Company&#8217;s financial condition and results.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Economic and political uncertainty and volatility in
Brazil, and the perception of these conditions in the international financial
markets, may adversely affect our business.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our most significant market is Brazil, which has
periodically experienced rates of inflation higher than those expected.
Inflation, along with governmental measures to fight inflation and public
speculation about possible future measures, has had significant negative effects
on the Brazilian economy. The annual rates of inflation, as measured by the
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#205;ndice Nacional de Pre&#231;os ao Consumidor </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(National Consumer Price Index), were 5.6% in 2013, 6.2%
in 2014, 11.3% in 2015, 6.6% in 2016 and 2.1% in 2017. Brazil may experience
high levels of inflation in the future. Although the current levels of inflation
are lower than those experienced in 2016, there is no assurance that future
inflation levels will continue the downward trend occurred in 2017. Future
governmental actions, including actions to adjust the value of the
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, may trigger increases in inflation. We cannot assure
you that inflation will not affect our business in the future. In addition, any
efforts by the Brazilian government to preserve economic stability, as well any
public speculation about possible future initiatives, may contribute
significantly to economic uncertainty in Brazil and may heighten volatility in
the Brazilian securities markets and securities issued abroad by Brazilian
issuers. It is also difficult to assess the impact that turmoil in the credit
markets will have in the Brazilian economy, and as a result on our future
operations and financial results.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">In addition, Brazil&#8217;s political environment has
historically influenced, and continues to influence, the performance of the
country&#8217;s economy. Political crises have affected and continue to affect the
confidence of investors and the general public, which have historically resulted
in economic deceleration and heightened volatility in the securities issued by
Brazilian companies. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The recent economic and political instability in Brazil
has contributed to a decline in market confidence in the Brazilian economy. Weak
macroeconomic conditions in Brazil are expected to continue into 2018. In
addition, the context of several ongoing investigations into allegations of
money laundering and corruption being currently conducted by Brazilian Federal
and State authorities are negatively impacting the Brazilian economy and
political environment. The potential outcome of such corruption-related
investigations is uncertain, but they have already impacted the general market
perception of the Brazilian economy, political environment and the Brazilian
capital market. We have no control over, and cannot predict, if such
investigations or allegations will lead to further political and economic
instability.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">25</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_27></A>
<a name="_bclPageBorder27"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader27"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On August 31, 2016, following months of speculation and
citizen demonstrations throughout Brazil, the Senate approved the impeachment of
president Dilma Rousseff, and she was replaced by Vice-President Michel Temer as
Brazil&#8217;s new president. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The President Temer and its administration are subject to
several pending corruption investigations, and we cannot predict how such or any
additional allegations that may arise will affect the citizens support to the
Government, its agenda for proposed reforms, the Brazilian economy and political
and social stability. In May 2017, several claims for opening an impeachment
proceeding against President Temer were brought in the House of Representatives
by opposition parties, after the emergence of allegations that he could have
endorsed the bribe of an arrested politician. On June 26, 2017, the Federal
Attorney General initiated a proceeding for criminal prosecution against
President Temer, which was forwarded to the House of Representatives for
decision on the indictment. On August 2, 2017, by majority of votes, the House
of Representatives decided to shelve such proceeding. On June 9, 2017, in an
unrelated action, the Federal Supreme Court ruled that there was no sufficient
evidence against President Temer and the former President Dilma Rousseff on
allegations related to illegal financing of the 2014 election campaign. In
September 2017, the Federal Attorney General initiated a new proceeding for
criminal prosecution against President Temer, which, likewise the prior
proceeding, was forwarded to the House of Representatives for decision. On
September 25, 2017, the House of Representatives decided again for the shelving
of such proceeding. However, it is not possible to predict whether the Office of
the Attorney General shall initiate new proceedings against the President in the
future, and if any of such proceedings shall be decided against the President,
and may even result in his removal from the position.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil was affected by the recent economic and political
instability, among other factors, and has been facing a series of economic and
political difficulties since 2014, including the increasing unemployment rates,
decreasing consumer and business confidence, falling industrial output, a
deficit in the Brazilian government primary accounts, shrinking and/or not
relevant growth in gross domestic product, increasing uncertainties with regards
to Congressional decisions and the significant devaluation and volatility of the
real. Moreover, the political crisis could worsen economic conditions in Brazil,
which may adversely affect our results of operations and financial condition. It
is also difficult to assess the impact that the Brazilian political scenario
will have in the Brazilian economy, including uncertainties related to the 2018
Brazilian elections, and as a result on our future operations and financial
results and the confidence of investors and the public in general.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Consumption of beer, other alcoholic beverages and soft
drinks in many of the jurisdictions in which we operate, including Brazil, is
closely linked to general economic conditions, such that levels of consumption
tend to rise during periods of rising per capita income and to fall during
periods of declining per capita income. Additionally, per capita consumption is
inversely related to the sale price of our products. Besides moving in concert
with changes in per capita income, consumption of beer and other alcoholic
beverages also varies in accordance with changes in disposable income. Any
decrease in disposable income resulting from an increase in inflation, income
taxes, cost of living, unemployment levels, political or economic instability or
other factors would likely adversely affect the demand for beer, other alcoholic
beverages, soft drinks and other non-alcoholic beverages, as well as our results
of operations. Moreover, the recently instability and uncertainties in the
Brazilian economic and political scenario may adversely affect the demand for
our products, which in turn may negatively impact on our operations and
financial results.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Increases in taxes levied on beverage products in Brazil
and unfair competition arising from tax evasion may adversely affect our results
and profitability.</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Increases in Brazil&#8217;s already high levels of taxation
could adversely affect our profitability. Increases in taxes on beverage
products usually result in higher beverage prices for consumers. Higher beverage
prices generally result in lower levels of consumption and, therefore, lower net
revenues. Lower net revenues result in lower margins because some of our costs
are fixed and thus do not vary significantly based on the level of production.
We cannot assure you that the Brazilian government will not increase current tax
levels, at both state and/or federal levels, and that this will not impact our
business. </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">26</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In January 2015 the Brazilian federal government enacted
Law No. 13097, which introduced a new federal taxation model for beer and soft
drinks. The law is a result of the combined efforts of the Brazilian federal
government and beverage companies with a view to creating a less complex and
more predictable tax system for the industry. The new tax model came into force
on May 1, 2015. Among other changes, the new set of rules establishes that the
Excise Tax (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Imposto sobre Produtos Industrializados</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">), or the IPI Excise Tax, the Social Integration Program
Contribution (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programa de Integra&#231;&#227;o Social</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">), or the PIS and the Contribution and the Social
Security Funding Contribution (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Contribui&#231;&#227;o para Financiamento da Seguridade
Social</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">), or the COFINS, are due by manufacturers and
wholesalers and shall be calculated based on the respective sales price
(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ad valorem</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">). Under the previous legislation, the referred taxes
were due exclusively by the manufacturer at fixed amounts per liter of beer or
soft drink produced (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ad rem</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">). </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Moreover, in 2015, the Federal District and the States of
S&#227;o Paulo, Rio de Janeiro, Minas Gerais, Rio Grande do Sul, Cear&#225;, Amap&#225;,
Rond&#244;nia, Amazonas, Tocantins, Piau&#237;, Maranh&#227;o, Rio Grande do Norte, Bahia,
Pernambuco, Para&#237;ba, Alagoas, Sergipe and Mato Grosso do Sul increased their
ICMS Value-Added Tax rate applicable to beer and/or soft drinks. </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In 2016, the States of Rio de Janeiro and Acre also
increased the respective ICMS Value-Added Tax rate, which came into force in
2017. In 2017, the Goi&#225;s and Amazonas States increased their ICMS rates
applicable to soft drinks and beer, respectively, which become effective on the
beginning of 2018. No assurance can be given that the Brazilian government, at
both state and/or federal levels, will not consider further tax increases on
beverages in the future.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In addition, the Brazilian beverage industry experiences
unfair competition arising from tax evasion, which is primarily due to the high
level of taxes on beverage products in Brazil. An increase in taxes may lead to
an increase in tax evasion, which could result in unfair pricing practices in
the industry. In 2008, the federal government published regulations requiring
the mandatory installation of production (volume) control systems, known as
&#8220;SICOBE&#8221;, in all Brazilian beer and soft drinks, or CSD, factories in order to
assist governments to fight tax evasion in the beverage industry. Though the
objective of reducing tax evasion is being achieved for federal taxes, and while
state governments have started using data from the SICOBE in order to identify
potential state tax evasion, there can be no assurance that unfair competition
arising from tax evasion will be eliminated from the Brazilian beverage
industry. However, the mandatory implementation of SICOBE was suspended in
December 2016 and the Brazilian federal government and regulators are developing
a new system with state-of-the-art technology, aimed to reduce costs. Despite of
several discussions conducted with the Brazilian government on a new system for
implementation, there is no agreement on the matter. </FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We are subject to regulation on alcoholic and CSD
beverages in the countries in which we operate.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our business is regulated by federal, state, local laws
and regulations. We may be subject to claims that we have not complied with
existing laws and regulations, which could result in fines and penalties.
Additionally, the Company may be subject to laws and regulation aimed at
reducing the offer of beer and soft drinks in some markets in which the Company
conducts activities, in order to address the alcohol abuse, sales of alcoholic
beverages to minors, issues related to the health and other social concerns. For
example, certain Brazilian states and small municipalities in which we operate
have enacted legislation prohibiting the sale of soft drinks in schools, and
imposing restrictions to the advertisement of alcoholic beverages. The Brazilian
Congress is also evaluating proposed regulation imposing hygienic seals on
beverage cans, as well as regulation on the consumption, sales and marketing of
alcoholic beverages, including beer which, if enacted, may impose restrictions
on the advertisement of alcoholic beverage products on television during
specified times of the day and the hours of operation of certain points of sale,
among other things. In addition, there are legal proceedings pending before
Brazilian courts that may lead to restrictions on advertisement of alcoholic
beverages. These rules and restrictions may adversely impact our results of
operations.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In addition, there is a global trend of increasing
regulatory restrictions with respect to the sale of alcoholic and CSD beverages.
Compliance with such regulatory restrictions can be costly and may affect
earnings in the countries in which we operate.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Moreover, companies in the alcoholic beverage and soft
drink industries are, from time to time, exposed to collective suits (class
actions) or other litigation relating to alcohol advertising, alcohol abuse
problems or health consequences from the excessive consumption of beer, other
alcoholic beverages and soft drinks. As an illustration, certain beer and other
alcoholic beverage producers from Brazil and Canada have been involved in class
actions and other litigation seeking damages. If any of these types of </FONT><a name="page_29"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">litigation were to result in fines, damages or
reputational damage for us, this could have a material adverse effect on our
business, results of operations, cash flows or financial position. </FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We are subject to Brazilian and other antitrust
regulations.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We have a substantial share of the beer market in Brazil
and thus we are subject to constant monitoring by Brazilian antitrust
authorities. In addition, in connection with the 1999 business combination of
Companhia Cervejaria Brahma and Companhia Antarctica Paulista Ind&#250;stria
Brasileira de Bebidas e Conexos for incorporation of the Company, we entered
into a performance agreement with the Brazilian antitrust authorities, which
required us to comply with a number of restrictions, including the divestment of
certain assets. Since July 28, 2008, we have been deemed to have complied with
all those restrictions, according to Brazil&#8217;s highest antitrust authority, the
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Conselho Administrativo de Defesa
Econ&#244;mica</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> (Administrative Council for Economic Defense), or the
CADE. Nevertheless, we cannot assure you that Brazilian antitrust regulation
will not affect our business in the future.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">A</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">dditionally</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, our participation in the Argentine beer market
increased substantially following the acquisition of our interest in Quilmes
Industrial Soci&#233;t&#233; Anonyme. Our operation in Argentina is subject to constant
monitoring by Argentinean antitrust authorities. We cannot assure you that
Argentinean antitrust regulation will not affect our business in Argentina in
the future.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">i)
</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">In regard to the foreign countries where the Company
operates</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Deterioration in economic and market conditions in other
emerging market countries, as well as in developed economies, including the
political and economic environment in other foreign countries, may adversely
affect the market price of our common shares and ADSs.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Political, economic and market conditions in other
emerging market countries, especially those in Latin America, influence the
market for securities issued by Brazilian companies as well as investors&#8217;
perception of economic conditions in Brazil. Economic crises in emerging
markets, such as in Southeast Asia, Russia and Argentina, have historically
triggered securities market volatility in other emerging market countries,
including Brazil. In addition, global financial crisis originating in developed
economies, including the subprime debt crisis in the United States and the
sovereign debt crisis in Europe, have had an impact on many economies and
capital markets around the world, including Brazil, which may adversely affect
investors&#8217; interest in the securities of Brazilian issuers such as Ambev.
Therefore, the market value of our common shares and ADSs may be adversely
affected by events occurring outside of Brazil. </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#212121 face=inherit>In addition, changes in monetary policy and/or
implementation of protectionist policies in the United States and in other
countries relevant to the international economy may directly or indirectly
impact the economy in the countries in which we operate, generating many risks,
especially in relation to exchange rates, interest rates, increase in the prices
of commodities, and therefore, impact the Company's results.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s operations in Latin America South are
subject to substantial risks relating to its businesses and operations conducted
in Argentina and other South American countries.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company owns 100% of the total share capital of Latin
America South Investment, S.L., or LASI, the net revenues from which
corresponded to 22.5% of our consolidated results of operations in 2017. LASI is
a holding company with operating subsidiaries in Argentina and other South
American countries. As a result, LASI&#8217;s financial condition and results of
operations may be adversely affected by the political instability, fluctuations
in the economy and governmental actions concerning the economy of Argentina and
the other countries in which its subsidiaries operate and, consequently, affect
our consolidated results.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the past, the Argentine economic and social situation
has rapidly deteriorated, and may quickly deteriorate in the future. We cannot
assure you that the Argentine economy will not rapidly deteriorate as in the
past. Additionally, in 2017 the Argentinean </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">peso</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> underwent a significant devaluation, losing 17.2% of its
value relative to the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, impacting the net assets, results and cash flows of our
Argentinean operations. The devaluations of the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">peso</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> against </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> in 2017 and further devaluations of the peso in the
future, if any, may decrease our net assets in Argentina, with a balancing entry
in our equity. See &#8220;4.2 &#8211; Description of key market risks &#8211; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our results of operations are affected by fluctuations in
exchange </FONT></I>
<I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">rates and devaluation of the real relative to other currencies, including the U.S. dollar, which may adversely affect our financial performance.</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221; </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">28</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>




<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In addition, on July 30, 2014 Argentina entered into a selective default of its restructured debt and, in early 2016, U.S. courts ruled that Argentina must make full payments to the remaining debt securities holders. The devaluation of the Argentine </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">peso</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, along with inflation and adverse macroeconomic conditions in Argentina may have a material adverse effect on our Latin America South operations and results, as well as in the ability of the Company to transfer funds from and within Argentina. Despite the election of a new presidential government that seems more committed to fiscal responsibility, the Company&#8217;s liquidity and operations, as well as its ability to access funds from Argentina may be adversely affected to the extent the economic or political situation in Argentina deteriorates, or if foreign exchange additional restrictions are implemented in Argentina.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company operates a joint venture in Cuba, in which the Government of Cuba is a joint venture partner. Cuba is still subject to broad and comprehensive economic and trade sanctions of the United States. Our operations in Cuba may adversely affect our reputation and the liquidity and value of our securities. </FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In January 2014, one of our wholly-owned subsidiaries acquired from A</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">nh</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">s</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">s</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ch </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">I</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">v S.A./NV, or ABI, the indirect equity held by ABI in Cerbuco Brewing Inc., a controlling interest of 50% in Cerveceria Bucanero S.A., or Bucanero, a Cuban company in the business of producing and selling beer. The other 50% equity interest in Bucanero is owned by the Government of Cuba. We have the right to appoint the general manager of Bucanero. Bucanero&#8217;s main brands are </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bucanero</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> and </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cristal</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, but it also imports and sells in Cuba other brands produced by certain of our other subsidiaries. In 2017, Bucanero sold 1.8 million hectoliters of beer, representing about 1% of our total volume of 162.8 million hectoliters for the year. Although Bucanero production is primarily sold in Cuba, a small portion of its production is exported to and sold by certain distributors in other countries outside Cuba (but not the United States).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Based on U.S. foreign policy, the U.S. Treasury Department&#8217;s Office of Foreign Assets Control and the U.S. Commerce Department together administer and enforce broad and comprehensive economic and trade sanctions against Cuba. These sanctions were strengthened by the Trump administration through a National Security Presidential Memorandum, issued on June 16, 2017, that, among other things, introduced prohibitions on certain financial transactions with certain entities and sub-entities identified by the U.S. Department of State. Although our operations in Cuba are quantitatively immaterial, our overall business reputation may suffer or we may face additional regulatory scrutiny as a result of our activities in Cuba based on the fact that Cuba remains a target of U.S. economic and trade sanctions.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In addition, there have in the past been initiatives by federal and state lawmakers in the United States, and certain U.S. institutional investors, including pension funds, to adopt laws, regulations or policies requiring the divestment from, or reporting of interests in, companies that do business with countries designated as state sponsors of terrorism. Although the United States government has, on June 2017, ceased to identify Cuba as a state sponsor of terrorism, this position may be revised by action of the U.S. government&#8217;s executive branch. If U.S. government policy towards Cuba were to be reversed, with that country being once again designated as a state sponsor of terrorism, Cuba could return to being a target of possible restrictions for U.S. investment. If U.S. investors decide to liquidate or otherwise divest their investments in companies that have operations of any magnitude in Cuba, the market in and value of our securities could be adversely impacted.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In addition, the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 (known as the &#8220;Helms-Burton Act&#8221;) authorizes private lawsuits for damages against anyone who traffics in property confiscated without compensation by the Government of Cuba from persons who at the time were, or have since become, nationals of the United States. Although this section of the Helms-Burton Act is currently suspended by discretionary presidential action, the suspension may not continue in the future. Claims accrue notwithstanding the suspension and may be asserted if the suspension is discontinued. The Helms-Burton Act also includes a section that authorizes the U.S. Department of State to prohibit entry into the United States of non-U.S. persons who traffic in confiscated property, and corporate officers and principals of such persons, and their families. In 2009, ABI received notice of a claim purporting to be made under the Helms-Burton Act relating to the use of a trademark by Bucanero, which is alleged to have been confiscated by the Cuban government and trafficked by ABI through their former ownership and management of this company. Although ABI and we have attempted to review and evaluate the&nbsp;<FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">validity of the claim, due to the uncertain underlying circumstances, we are currently unable to express a view as to the validity of such claim or as to the claimants&#8217; standing to pursue it.</FONT>&nbsp;</FONT>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">j. In regard to environmental issues:</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Seasonal consumption cycles and adverse weather conditions may result in fluctuations in demand for our products.</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Seasonal consumption cycles and adverse weather conditions in the markets in which we operate may have an impact on our operations. This is particularly true in the summer months, when unseasonably cool or wet weather can affect sales volumes.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Climate change, or legal, regulatory or market measures to address climate change, may negatively affect our business or operations, and water scarcity or poor quality could negatively impact our production costs and capacity. </FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">There is a growing concern that carbon dioxide and other greenhouse gases in the atmosphere may have an adverse impact on global temperatures, weather patterns and the frequency and severity of extreme weather and natural disasters. In the event that such climate change has a negative effect on agricultural productivity, we may be subject to decreased availability or less favorable pricing for certain agricultural commodities that are necessary for our products, such as barley, hops, sugar and corn. In addition, public expectations for reductions in greenhouse gas emissions could result in increased energy, transportation and raw material costs and may require the Company to make additional investments in facilities and equipment due to increased regulatory pressures. As a result, the effects of climate change could have a long-term, material adverse impact on our business and results of operations. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We also face water scarcity and quality risks. The availability of clean water is a limited resource in many parts of the world, facing unprecedented challenges from climate change and the resulting change in precipitation patterns and frequency of extreme weather, overexploitation, increasing pollution, and poor water management. The Company implemented an internal strategy to considerably reduce the water consumption in the operational plants. However, as demand for water continues to increase around the world, and as water becomes scarcer and the quality of available water deteriorates, we may be affected by increasing production costs or capacity constraints, which could adversely affect our business and results of operations.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Natural and other disasters could disrupt our operations.</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our business and operating results could be negatively impacted by social, technical or physical risks such as earthquakes, hurricanes, flooding, fire, power loss, loss of water supply, telecommunications and information technology system failures, cyber-attacks, political instability, military conflict and uncertainties arising from terrorist attacks, including a global economic slowdown, the economic consequences of any military action and associated political instability.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Our operations are subject to safety and environmental regulations, which could lead to additional costs for the Company, as well as material contingencies that may affect its results. </FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our operations are subject to environmental regulations by national, state and local agencies, including, in certain cases, regulations that impose liability without regard to fault. These regulations can result in liability which might adversely affect our operations. The environmental regulatory climate in the markets in which we operate is becoming stricter, with greater emphasis on enforcement.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">There can be no assurance that we will not incur substantial environmental liability or those applicable environmental laws and regulations will not change or become more stringent in the future, which could adversely affect the Company&#8217;s financial condition and results. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">4.2-
Description of the main market risks</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s operating results are affected by
fluctuation in commodity prices</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">This risk involves the possibility of fluctuations in the
prices of the products sold by the Company or by its subsidiaries, or in the
price of raw materials and other inputs used in the production process. Since it
operates in a commodities market, sales revenues and costs of sales of the
Company and its subsidiaries can be affected by changes in the international
prices of the products they sell and the raw materials they purchase.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
results of operations are affected by </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">fluctuations</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">in currency
rates, by the depreciation of the Brazilian real against other currencies,
including the US dollar, which may adversely affect the Company&#8217;s financial
performance.</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Most of the
Company&#8217;s sales are in Brazilian Reais, while a significant </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">portion of its debt is denominated in other foreign
currencies, including the US dollar</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">. Furthermore,
a significant portion of the Company&#8217;s production costs in 2017, especially
those involving packaging, such as cans and PET bottles, as well as sugar, hops
and malt, are denominated in or linked to the US dollar, which appreciated
significantly against the Brazilian </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> in the last
years.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">In this case, any depreciation of the Brazilian
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">Real </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">against those foreign currencies may increase financial
expenses and operating costs, affecting the Company&#8217;s ability to meet its
foreign currency obligations.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman">Although the Company&#8217;s current policy is to hedge
practically all its US dollar-denominated debts and production costs, the
Company cannot guarantee that it will always be possible to hedge in the
future.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">In addition, we have historically reported our
consolidated results in Reais. In 2017, we derived 45.0% of our net revenues
from operating companies that have functional currencies that are not reais
(that is, in most cases, the local currency of the respective operating
company). Consequently, any change in exchange rates between our operating
companies&#8217; functional currencies and Reais will affect our consolidated income
statement and balance sheet. Decreases in the value of our operating companies&#8217;
functional currencies against Reais will tend to reduce those operating
companies&#8217; contributions in terms of our financial condition and results of
operations. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We also incur currency transaction risks whenever one of
our operating companies enters into transactions using currencies other than
their respective functional currencies, including purchase or sale transactions
and the issuance or incurrence of debt. Although we have hedging policies in
place to manage commodity price and foreign currency risks to mitigate our
exposure to currencies other than our operating companies&#8217; functional
currencies,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> there can be no assurance that such policies will be
able to properly and successfully cover such risks, particularly in the
long-term.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Brazilian currency has devalued frequently, including
during the last two decades. Throughout this period, the Brazilian government
has implemented various economic plans and utilized a number of exchange rate
policies, including sudden devaluations and periodic mini-devaluations, during
which the frequency of adjustments has ranged from daily to monthly, floating
exchange rate systems, exchange controls and dual exchange rate markets. There
have been significant fluctuations in the exchange rates between Brazilian
currency and the U.S. dollar and other currencies. For example, from 2010, the
U.S. dollar appreciated by 12.5%, 8.9%, 14.6%, 13.4% and 47.0% against to the
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> in 2011, 2012, 2013, 2014 and 2015, respectively,
closing at R$3.905 per US$1.00 as of December&nbsp;31, 2015. However, the U.S.
dollar depreciated by 16.5% against the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> in 2016, closing at R$3.259 per US$1.00 as of
December&nbsp;31, 2016. In 2017, the U.S. dollar again valuated against
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, closing at R$3.3080 per US$1.00 On March 29, 2018, the
exchange rate was R$3.3238 per US$1.00. </FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Devaluation of the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> relative to the U.S. dollar may create additional
inflationary pressures in Brazil by generally increasing the price of imported
products and requiring recessionary governmental policies to curb aggregate
demand. On the other hand, further appreciation of the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> against the U.S. dollar may lead to a deterioration of
the current account and the balance of payments, as well as dampen export-driven
growth. The potential impact of the floating exchange rate and measures of the
Brazilian government aimed at stabilizing the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> is uncertain. In addition, a substantial increase in
inflation may weaken investor confidence in Brazil, impacting our ability to
finance our operations through the international capital markets</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Sensitivity
analysis</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
manages its non-derivative financial assets and liability risks substantially by
entering into derivative financial instruments. Within this context, the Company
has identified the main risk factors that could lead to losses in its
transactions with derivative financial instruments and, therefore, it has
developed a sensitivity analysis based on three scenarios that may affect its
future results and/or cash flows, as described below:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">1 &#8211;
</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Probable Scenario</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">: management&#8217;s
expectation of deterioration in the principal risk factor of each transaction.
To estimate the possible effect on the results from derivative transactions, the
Company calculates Value at Risk</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
&#8211;</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">parametric VaR. VaR is a statistical measurement arrived
at by estimating standard deviations and correlations between the returns from
the different risk factors. The outcome of this model is the expected stop-loss
for an asset during a given time frame and reliability interval. According to
this methodology, we have used as calculation parameters the potential exposure
of each financial instrument, a reliability interval of 95% and a horizon of 21
days commencing December 31, 2017, which are shown in the module.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">2 &#8211;
</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Adverse Scenario</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">: a 25%
deterioration in the principal risk factor of each transaction, in relation to
the level ascertained as of December 31, 2017.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">3 -
</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Remote Scenario</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">: a 50%
deterioration in the principal risk factor of each transaction, in relation to
the level ascertained as of December 31, 2017.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">32</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Transaction</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Risk</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair Value</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Probable Scenario</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Adverse Scenario</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Remote Scenario</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Hedge commodities</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Drop in commodity prices</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">95,914</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(70,649)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(392,913)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(881,740)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Purchase of inputs</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(95,914)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">108,718</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">498,773</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,093,459</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Currency hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Foreign currency depreciation</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,219)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(105,036)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,843,126)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,684,033)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Purchase of inputs</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,219</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">105,036</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,843,126</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,684,033</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Effect on costs</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">38,069</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">105,860</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">211,719</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Currency hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Foreign currency depreciation</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(8,925)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(16,783)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(153,782)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(298,638)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Capex purchases</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,925</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16,783</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">153,782</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">298,638</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Effect on property, plant and equipment</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Currency hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Foreign currency depreciation</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,292)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,403)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(45,722)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(90,153)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,292</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,403</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">45,722</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">90,153</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Effect on expenses result</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Currency hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Foreign currency appreciation</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(13,106)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(37,493)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(341,429)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(669,751)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cash </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,106</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37,493</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">341,429</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">669,751</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest rate hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest rate decrease</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(10)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(422)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,914)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,392)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest revenue</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">422</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,914</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,392</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Effect on cash</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Currency hedge</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Foreign currency depreciation</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indebtedness </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,683</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">140,642</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">281,284</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest Hedge </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom rowSpan=2 width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Increase in the interest rate</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,172</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18,373</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(131,466)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(162,662)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest expenses </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(28,172)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(18,373)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">131,466</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">162,662</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Effect on debt</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,683</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">140,642</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">281,284</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Hedge </FONT></I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">of Equity Securities </FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom rowSpan=2 width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Depreciation of shares price</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">69,166</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">54,315</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(100,085)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(269,337)</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expenses</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(69,166)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(19,411)</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">517,817</FONT></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,104,799</FONT></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Effect on Shareholders&#8217; equity</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34,904</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">417,732</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">835,462</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10.2pt">

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="26%">&nbsp;</TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">82,656</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">664,234</FONT></B></P></TD>

   <TD style="HEIGHT: 10.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,328,465</FONT></B></P></TD></TR>

<TR>

   <TD width="26%">&nbsp;</TD>

   <TD width="26%">&nbsp;</TD>

   <TD width="12%">&nbsp;</TD>

   <TD width="12%">&nbsp;</TD>

   <TD width="12%">&nbsp;</TD>

   <TD width="12%">&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">33</FONT></P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<a name="_bclHeader36"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.3 &#8211; Non-confidential and material judicial,
administrative or arbitration proceedings</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
and its subsidiaries are parties to judicial and administrative
proceedings</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">, as described below</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">i. Labor
claims</FONT></I></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">As of December 31,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2017</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, the Company
and its subsidiaries were parties to approximately 25,000 labor claims filed by
former, current and outsourced employees, primarily involving matters concerning
overtime, dismissals, severance payments, health hazard and risk premiums and
supplementary retirement benefits, among other issues, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">all of them of legal or administrative nature</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In relation to
labor matters, the Company is party to claims related to social charges on
payroll. The Company management estimates the possible losses related to be
approximately R$253 million on December 31, 2017.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">There are no
labor claims where the Company and its subsidiaries appear as defendant or
plaintiff which are individually material to their business.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ii.
</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Taxation</FONT></I></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">As of December 31, 2017, the Company and its subsidiaries
were parties to approximately 4.000 judicial and administrative tax
proceedings</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">. The chances of loss in these proceedings are classified
as possible or probable.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The pending tax proceedings include suits filed by the
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Company</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> against the
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">tax authority, alleging the unconstitutionality of
certain taxes</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">These proceedings include matters involving income tax,
as well as ICMS, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">I</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">P</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">I
and</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman"> P</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">I</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">S/</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">C</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">OF</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">I</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">NS taxes.
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Since these proceedings depend on obtaining favorable
court rulings, the corresponding assets that may arise in the future will only
be recognized by the Company when it is certain of receiving the amounts
previously paid and deposited</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Tax Recovery Program</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Pursuant to
Law 12865/13, which permitted the inclusion of additional challenged tax amounts
in the 2009 Tax Recovery Program provided for in Law 11941/09, the Company
included in this program certain additional challenged taxes that had previously
been the subject of litigation. As of December 31, 2013, the tax liabilities
included by the Company during 2013 in the 2009 Tax Recovery Program amounted to
R$178,4 million. In November 2014, the Company settled the debits included in
the installment payment program of Law 12965/13, as well as the debits added to
this installment payment plan under the program of Law 12896/14, amounting to
R$201 million, part in cash and part by availing itself of tax losses of
subsidiaries. On December 31, 2014, the Company paid off the total amount
involving both the 2013 and the 2014 Installment Payment Programs. As of
December 31, 2016, having paid in full the amount referring to the 2013 and 2014
Installment Payment Programs, the Company is waiting for the Brazilian Federal
Revenue Service to approve the payment.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">During the
third quarter of 2017, the Company decided to participate in the Federal Tax
Amnesty Program established by Provisional Measure No. 783, of May 31, 2017,
extended by Provisional Measure No. 798 (&#8220;PERT 2017&#8221;), undertaking to pay some
tax assessments that were in dispute in administrative or judicial level,
including debts of its subsidiaries, totaling approximately the amount of R$3.5
billion, taking into account the discounts provided by such program, having paid
approximately the amount of </FONT>
<FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">R$960 million in 2017, and undertaking to pay the remaining amount in 145 monthly installments, plus interest as from January 2018. </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">34</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>




<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Below are the individual key proceedings for the Company and its subsidiaries&#8217; business:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 5014538-16.2017.4.03.6100 (re. to Adm Proc No. 16327.000530/2005-28</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal" face="times new roman">a</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">. court</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo</FONT></P></TD></TR>

<TR>

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   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal" face="times new roman">b</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">. level</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">Legal </FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">c</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">date filed</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2017</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">d</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">p</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">rties to the proceeding</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Ambev S.A (E</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">ag</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">le </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">S</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">.A).x Brazil</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">e</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">amounts</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">, </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">assets</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">or rights involved</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">R</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">$2.3 </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">billion</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f. </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">primary fact</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">s</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 9.1pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Legal proceeding (Annulment Action of tax debt) filed in September 2017, with an injunction granted in favor of the company, related to the administrative proceeding No. 16327.000530/2005-28 filed by the Brazilian Federal Revenue to collect IRPJ and CSLL taxes on earnings obtained abroad through the Company&#8217;s subsidiaries and affiliates. </FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">g</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">chances of loss</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Possible.</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">h</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. analysis of the impact in case of loss</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 9.1pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">The amount of the proceeding.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

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<TR>

   <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 16561.720087/2011-81</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a. court</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo </FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b. level</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">Administrative </FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date filed</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">20</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">11</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d. parties to the proceeding</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Brazil x Company</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e. amounts, assets or rights involved</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">R$5.3 billion</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f. primary facts</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Disallowance of premium amortization expenses for the years 2006 to 2010, arising from merger of InBev Holding Brasil S.A. In November 2014, the Administrative Court reached a final decision on the appeal as partially favorable. Bearing in mind this decision, the Company filed motions for clarification, which in September 2016 were partially granted, and the Company was formally notified of such decision in January 2018. As the decision by the Federal Administrative Council of Tax Appeals (&#8220;CARF&#8221;) was partially granted, the Company filed an injunction to discuss the matter, which was favorable granted to the Company. The remaining portion is to be submitted to review by the High Panel of CARF.</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g. chances of loss</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Possible.</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h. analysis of the impact in case of loss</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">Amount of the proceeding; should the Company be required to pay this amount, </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Anheuser-Busch InBev SA/NV will reimburse an amount (70%) proportional to the benefit it obtained from said premium amortization, as well as the respective costs.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

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<TR>

   <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 16561.720063/2016-36</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a. court</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">S</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#227;</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">o </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">P</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">l</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b. level</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">Administrative</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date filed</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">20</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">16</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d. parties to the proceeding</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Brazil x Company</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e. amounts, assets or rights involved</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">R</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">$3.0 billion</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f. primary facts</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Disallowance of premium amortization expenses for the years 2011 to 2013, arising from merger of InBev Holding Brasil S.A. In March 2017, the Judgment Office (DRJ) judged the Company&#8217;s Opposition as partially valid. Bearing in mind that the judgment was partially favorable, AmBev appealed to CARF, which partially granted the appeal to the Company in May 2018. The Company is waiting that the Appellate Decision be issued to evaluate any applicable appeals that may be filed</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g. chances of loss</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Po</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">ssible.</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 0cm 7.65pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h. analysis of the impact in case of loss</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="74%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.65pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">Amount of the proceeding; should the Company be required to pay this amount, </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Anheuser-Busch InBev SA/NV will reimburse an amount (70%) proportional to the benefit it obtained from said premium amortization, as well as the respective costs.</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">35</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<a name="_bclHeader38"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 16561.720109/2013-74</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">Administrative </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2013</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Brazil x Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">R</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">$1.6 billion</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Disallowance of premium amortization expenses
      arising from the merger of BAH - Beverage Associate Holding. In December
      2014, Company filed an appeal against the unfavorable administrative
      ruling of the lower court. In March 2017, CARF has issued the judgment of
      the voluntary appeal and decided the review of an item of the Opposition
      which is no longer analyzed. In July 2017, the Company was notified of the
      reviewed decision by DRJ and filed a new Voluntary Appeal, which is
      pending of decision.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Possible</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">The amount of the
  proceeding.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 16643.720059/2013-15</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">Administrative </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">20</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">13</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Brazil x Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">R$1.5 billion</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Administrative proceeding filed by the Brazilian
      Federal Revenue Service to collect IRPJ and CSLL taxes on earnings
      obtained abroad through the Company&#8217;s subsidiaries and affiliates.
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The proceeding had a favorable decision at DRJ. The
      Company filed a voluntary appeal, which is pending of decision by
      CARF.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Partly possible and partly
probable</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">The amount of the
  proceeding.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 16561.720159/2014-32</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">Administrative </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2014</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Brazil x Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">There is no loss amount related to this matter on
      December 31, 2017.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The tax
      assessment was based, generally speaking, on the disallowance of interest
      expenses incurred on financial instruments. The Company has filed an
      Opposition. In July 2016, the Opposition was partially granted by DRJ.
      Against this decision, the Company filed a voluntary appeal. In August
      2017, CARF concluded the judgment, which was totally favorable to the
      Company, having being notified of such decision and the forwarding of the
      case for closing on December 2017 </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding closed</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding
closed.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">36</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_39></A>
<a name="_bclPageBorder39"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader39"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 116561-720.233/2016-82</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">Administrative </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2016</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Brazil x Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">R$4.0 billion</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The tax
      assessment was based, generally speaking, on the disallowance of interest
      expenses incurred on financial instruments. The Company has filed an
      Opposition and is awaiting the ruling by DRJ.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Possible</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">The amount of the
  proceeding.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 16561.720180/2015-19</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">Administrative </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2015</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Brazil x Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">R$1.0 billion</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The tax
      assessment refers to the reversal of credits referring to taxes paid
      abroad by group companies, proof of which is being questioned by the Tax
      Authority, in addition to the reversal of financial expenses. The Company
      has filed an opposition and is awaiting the ruling of the Judgment Office
      of the Brazilian Federal Revenue Service. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Possible</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">The amount of the
  proceeding.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 10830-727.834/2016-12</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">Administrative </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2016</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Brazil x CRBS</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">There is no loss amount related to this matter on
      December 31, 2017.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The tax
      assessment refers to the disregard of the option by the Income Tax
      Ascertainment in the Presumed Profit method in the years 2011 to 2013. The
      Company has filed an Opposition. In July 2017, CRBS was notified of an
      unfavorable decision by DRJ and filed a Voluntary Appeal. In September
      2017, CRBS elected to include such Tax Assessment in the Special Program
      for Tax Settlement established by Provisional Measure No. 783
      (&#8220;PERT&#8221;).</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding closed.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding closed</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">37</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_40></A>
<a name="_bclPageBorder40"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader40"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 16561-720.119/2017-33</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">Administrative</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2017</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Brazil x Ambev S.A.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">R$1.1 billion</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">In
      November 2017, the Company received a tax assessment related to a goodwill
      amortized in relation to the merger of CND Holdings with the Company. The
      Company filed an Opposition to the tax assessment within the legal period,
      which is pending of decision by DRJ.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Possible</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">The amount of the
  proceeding.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding&nbsp;
  16561-720.130/2017-01</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">S</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#227;</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">o
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">P</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">l</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">A</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">d</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">m</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">i</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">istr</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">ti</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">v</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">2017</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Brazil x
      Ambev S.A.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">R$ 1.2
      billion</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Tax
      assessment of IRPJ and CSLL in view of not having taking into account the
      amounts paid as monthly estimative of January 2012, as well as the amounts
      from February to December due to non-recognition of amounts related to tax
      income paid abroad. The Company filed an Opposition, which is pending of
      decision by DRJ. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Possible</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">The amount of the proceeding</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 16561.720.111/2017-77</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">S</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#227;</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">o
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">P</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">l</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">A</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">d</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">m</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">i</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">istr</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">ti</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">ve</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">2017</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Brazil x
      Ambev S.A.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">R$ 1.1
      billion</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Administrative proceeding filed by Brazilian
      Federal Revenue for collection of IRPJ and CSLL on profits earned abroad
      through of subsidiaries and affiliates of the Company. In March 2018, the
      Company received a notice of favorable partial decision by DRJ. The
      Company filed a Voluntary Appeal to discuss the unfavorable portion, which
      is pending of decision. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Possible
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">The amount of the proceeding</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">38</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_41></A>
<a name="_bclPageBorder41"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader41"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 16692.720871/2017-99</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">S</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#227;</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">o
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">P</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">l</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">A</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">d</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">m</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">i</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">istr</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">ti</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">v</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">2017</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Brazil x
      Ambev S.A.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">1.4
      billion</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Tax
      assessment for disallowance of credits related to taxes paid abroad by
      companies of the group, the evidence of which has been challenged by the
      tax authorities. The Company filed an Opposition, which is pending of
      decision by DRJ.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Possible</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">The amount of the proceeding</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">Proceeding 01.000499049-47</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Minas Gerais</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">A</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">d</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">m</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">i</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">istr</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">ti</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">v</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2016</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Treasury
      of the State of Minas Gerais x Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">R</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">$1.5 b</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">illion</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The tax
      assessment refers to the breach attempting to collect the differences in
      ICMS taxes related to the period from April 2011 to December 2015, that
      the State deem to be owed under the tax substitution regimen, in
      situations where the selling price of the products from the plant reaches
      levels in excess of the amount established in the tax listing. In first
      quarter of 2018, the proceeding has a favorable final decision in the
      administrative sphere. The Company shall file an action to discuss the
      matter in court within the legal period.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Possible
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="25%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="75%">
      <P style="MARGIN: 0cm 7.1pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">The amount of the
  proceeding.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">iii.
</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Civil and Criminal</FONT></I></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">As of December 31, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2017</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, the Company
and its subsidiaries appeared as the plaintiffs in approximately 500</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">civil
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">(</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">including environmental</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">) and criminal
lawsuits. On the same date, the Company and its subsidiaries were defendants in
approximately 7,000 </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">civil (including environmental) and criminal
lawsuits.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">39</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Below is the key proceeding for the Company and its subsidiaries&#8217; business:</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Proceeding 2008.61.03.007791-6</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="25%">

   <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a. court</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="75%">

   <P style="MARGIN: 0cm 7.1pt 0pt 7.05pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face="times new roman">1<SUP>st</SUP> Lower Court of the Judicial Subsection of S&#227;o Jos&#233; dos Campos</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="25%">

   <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b. level</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="75%">

   <P style="MARGIN: 0cm 7.1pt 0pt 7.05pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Lower court</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="25%">

   <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date filed</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="75%">

   <P style="MARGIN: 0cm 7.1pt 0pt 7.05pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">28/Oct/2008</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="25%">

   <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d. parties to the proceeding</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="75%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt 7.05pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The Company, FEMSA &#8211; Fomento Econ&#244;mico Mexicano S.A. and Primo Schincariol Ind&#250;stria de Cervejas e Refrigerantes S.A.</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="25%">

   <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">e</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. amounts, </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">assets</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">or</FONT></I></B></P>

   <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">rights involved</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="75%">

   <P style="MARGIN: 0cm 7.1pt 0pt 7.05pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">R$15.3 billion</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="25%">

   <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f. primary facts</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="75%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt 7.05pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face="times new roman">Lawsuit filed by the Federal Prosecutor&#8217;s Office against three beer manufacturing companies, requiring the defendants to indemnify the &#8220;increase in damage caused by investments in beer-type alcoholic beverage advertisements&#8221;, in addition to sentencing them to invest the same amount earmarked for alcoholic beverage advertisements in programs for preventing and treating the &#8220;damage caused by alcohol consumption&#8221;. The amount claimed by the Federal Prosecutor&#8217;s Office in the public action, bearing in mind only the portion applicable to the company, is approximately R$2.1 billion. However, with the NGO - "Instituto Bar&#227;o de Mau&#225;" joining the proceeding as co-plaintiff and claiming the same amount of indemnification, the total amount of the lawsuit is now R$5.5 billion.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt" face="times new roman"> In January de 2015, the requests for production of evidence filed with the lower court were rejected. In July 2016, </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt" face="times new roman">the lower court denied the lawsuit. In October 2016, </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face="times new roman">the Federal </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt" face="times new roman">Prosecutor&#8217;s Office filed an appeal against which the Defendants filed briefs. </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face="times new roman">They are awaiting a final decision on the appeal by the Federal Court of the 3<SUP>rd</SUP> Region.</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="25%">

   <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g. chances of loss</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="75%">

   <P style="MARGIN: 0cm 7.1pt 0pt 7.05pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">Remote </FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="25%">

   <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h. analysis of the impact in case of loss</FONT></I></B></P></TD>

   <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="75%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt 7.05pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The chance of the judgment be reversed and the Company having to pay the amount claimed by the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">Federal Prosecutor&#8217;s Office is remote</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">However, in the event of a loss, in addition to this </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">indemnification, the Company will have to channel the same amount spent in advertising to programs for preventing and treating problems arising from the consumption of alcohol</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">R</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">i</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">hu</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">elo River Basin</FONT></I></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In 2004, an environmental complaint was filed by several neighbors residing in the Riachuelo River Basin against the State of Argentina, the Province of Buenos Aires, the city of Buenos Aires and more than 40 companies (including Cerveceria y Malteria Quilmes S.A., the Company&#8217; subsidiary in Argentina) whose facilities are located in the Riachuelo River Basin, or which dump their waste in the Riachuelo River; In this complaint, the Supreme Court of Justice of Argentina ruled that the State of Argentina and the Province and city of Buenos Aires remain primarily liable for cleaning up the environment, and also, that the Riachuelo River Basin Authority, an environmental body created in 2006 under Argentine Law No. 26,168, was to be responsible for implementing a Remediation Plan for the Riachuelo River Basin. The Supreme Court of Justice of Argentina&nbsp; decided that </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=#212121 face=inherit>any indemnification claim should be filed before a civil court.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">4.3.1. Indicate the total amount provisioned, if any, for the proceedings described in section 4.3.</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">i. Labor claims</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not applicable, given that there are no labor claims where the Company and its subsidiaries appear as defendant or plaintiff which are individually material to their business.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">40</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name=page_43></A>
<a name="_bclPageBorder43"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader43"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ii.
</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Tax proceedings</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">As of
December 31, 2017, the Company held provisions of </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: normal" face="times new roman">R$44.2 million for the cases described in the foregoing
section.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">iii. Civil and
Criminal proceedings</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">As of December
31, 2017, the Company held no provisions for the cases described in the
foregoing section. </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">41</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_44></A>
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<a name="_bclHeader44"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">4.4 &#8211;
Non-confidential judicial, administrative or arbitration proceedings whose
opposing parties are managers, former managers, majority shareholders, former
majority shareholders or investors</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company is
party to the following judicial, administrative or arbitration proceedings whose
opposing parties are managers or former managers, majority shareholders or
former majority shareholders or </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">investors:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Warrants (Subscription Bonuses)</FONT></U></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 6.75pt 0pt 7.1pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">0047299-63.2003.8.19.0001</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Rio de Janeiro</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">STJ</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">c. date filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">20</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">3</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">R</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">m</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">c</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">h</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e
      I</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">ve</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">s</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">t</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">m</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">t
      C</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">po</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">t</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">i</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">n
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">LL</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">C x
      Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Currently unascertainable. In the event the Company
      loses the case, current shareholders may experience dilution corresponding
      to the difference between the market value of the shares at the time they
      were issued, and the amount stipulated by the court of last resort as
      being the subscription price for exercising the subscription bonuses. The
      historical amount attributed to the case is R$3.1 million (restated up to
      December/2017, in accordance with the monetary restatement index adopted
      by the Appellate Court of the State of Rio de Janeiro: R$7.3
      million).</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The historical amount attributed to the case is
      R$98.5 million (restated up to December/2017, in accordance with the
      monetary restatement index adopted by the Appellate Court of the State of
      Rio de Janeiro: R$232 million).</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The complaint requested sentencing of the Company
      (i) to the issuance of shares that would be entitled to the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">subscription bonuses</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">held by the plaintiff, at the price the latter
      understands to be correct, which is less than that published by the
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">Company</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"> and
      ratified by the Brazilian Securities Commission</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> &#8211; CVM</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">,
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">adjusted</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">according to</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">cap</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">it</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">l
      increases that occurred </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">in the period</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">from</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">1</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">9</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">9</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">6 to
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">3 as a result of the exercise of stock options
      under the stock options plan by Company employees</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">, and
      other </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">subscription bonuses</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">issued in </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">199</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">3</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">,
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">in addition to</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"> (ii) the
      payment of material damages.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The counterclaim requested sentencing of the
      plaintiff to the payment of the correct price for the exercise of the
      rights provided for in the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">subscription bonuses</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">, as
      previously agreed in such securities and disclosed to Ambev in Material
      Fact and approved by CVM. The lower court denied the claims made in the
      main lawsuit, and accepted the counterclaim filed by the Company. The
      sentence was reversed by the Appellate Court of the State of Rio de
      Janeiro, resulting in the filing by the Company of a motion to annul the
      appellate decision of the 3<SUP>rd</SUP> Civil Chamber of the Appellate
      Court. The motion to annul was denied by three votes to two and the
      Company filed a special appeal against the decisions on the appeal and the
      motion to annul. The Company&#8217;s special appeal was denied, so an appeal was
      filed with the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Superior Court of Justice</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. In a
      lower court decision, the Reporting Judge, </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Justice</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">A</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">l</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">d</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">ir
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">P</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">ss</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">ri</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">h</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">o
      J</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">un</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">i</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">r
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">denied the appeal in the Company&#8217;s special
      appeal</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. The Company then filed a regulatory appeal
      against this decision</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">. On August 2, 2011, continuing with the trial, and
      after an opinion by Justice Jo&#227;o Ot&#225;vio de Noronha, disagreeing with the
      Reporting Judge, Justice Aldir Passarinho Junior, who had denied the
      appeal, a majority vote of the Justices of the Second Panel of the
      Superior Court of Justice granted the Company&#8217;s regulatory appeal to grant
      the special appeal and determine that the special appeal be sent to the
      higher court</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. On
      October 11, 2012, the special appeal was assigned, by prevention, to
      Justice Marco Buzzi (Reporting Judge). On February 14, 2017, the Company&#8217;s
      Special Appeal was partially granted in order to fully deny the main
      action of the Plaintiff and reduce the contingency fees applied to the
      Company in the counterclaim. They are waiting for a possible appeal filing
      by the Plaintiff, but maintaining the denial of the counterclaim plea. On
      May 5, 2017, the plaintiff filed an appeal against the decision that gave
      partial granting to the Company&#8217;s Special Appeal. On September 29, 2017,
      the Office of the Attorney General submitted an opinion for not granting
      the plaintiff&#8217;s appeal. The record was finally concluded by the Reporting
      Judge and is pending of decision.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Main lawsuit: Remote</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Counterclaim: Probable.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">In the event the Company loses the case, the main
      effect for the current shareholders will be the economic dilution
      corresponding to the difference between the market value of the shares at
      the time they were issued, and the amount stipulated by the court of last
      resort as being the subscription price for exercising the subscription
      bonuses.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">42</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_45></A>
<a name="_bclPageBorder45"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader45"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">0047841-81.2003.8.19.0001</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Rio de
      Janeiro</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">STJ</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">20</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">3</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Banco do
      Brasil</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> Employees&#8217;</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"> Pension
      Fund &#8211; </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">P</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">RE</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">V</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">I and the
      Federal Savings Bank Employees&#8217; Foundation &#8211; </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">F</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">UNC</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">E</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">F X
      Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Currently unascertainable.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman"> In the event the Company loses the case, current
      shareholders may experience economic dilution corresponding to the
      difference between the market value of the shares at the time they were
      issued, and the amount stipulated by the court of last resort as being the
      subscription price for exercising the subscription bonuses.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">The historical amount attributed to the case is
      R$60.3 million (restated up to December/2017, in accordance with the
      monetary restatement index adopted by the Appellate Court of the State of
      Rio de Janeiro: R$142 million). The historical amount attributed to the
      counterclaim is R$399.8 million (restated up to December/2017, in
      accordance with the monetary restatement index adopted by the Appellate
      Court of the State of Rio de Janeiro: R$941.7 million).</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">The complaint requested sentencing of the Company
      (i) to the issuance of shares that would be entitled to the subscription
      bonuses held by the plaintiff, at the price the latter understands to be
      correct, which is less than that published by the Company and adjusted
      according to the capital increases that occurred in the period from 1996
      to 2003 as a result of the exercise of stock options under the stock
      options plan by Company employees, and other subscription bonuses issued
      in 1993, as well as </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">(ii) the
      payment of material damages. The counterclaim requested sentencing of the
      plaintiff to the payment of the correct price for the exercise of the
      rights provided for in the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">subscription bonuses</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">, as
      previously agreed in such securities and disclosed to Ambev in Material
      Fact and approved by CVM</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">The lower court denied the claims made in the
      complaint, and accepted the counterclaim filed by the Company.
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The sentence was reversed by the Appellate Court of
      the State of Rio de Janeiro, resulting in the filing by the Company of a
      motion to annul the appellate decision of the 3<SUP>rd</SUP> Civil Chamber
      of the Appellate Court</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The
      motion to annul was denied by three votes to two and the Company filed a
      special appeal against the decisions on the appeal and the motion to
      annul</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The
      Company&#8217;s special appeal was denied, so an appeal was filed with the
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Superior Court of Justice</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">. In a lower court decision, Justice Aldir
      Passarinho Junior took cognizance of the appeal to partially grant the
      special appeal and determine the reduction in the fees arbitrated in the
      counterclaim to 2% of the restated amount of the case. The Company and the
      plaintiffs filed interlocutory appeals against this decision. Following
      the vote of Justice Aldir Passarinho Junior, denying the Company&#8217;s
      regulatory appeal, Justice Jo&#227;o Ot&#225;vio de Noronha requested to see the
      record.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> Continuing with the trial, after the opinion of
      Justice Jo&#227;o Ot&#225;vio de Noronha granting the Company&#8217;s regulatory appeal
      and determining that the special appeal be sent to the higher court to be
      better appreciated, thus differing from Reporting Judge Justice Aldir
      Passarinho Junior, who had denied the appeal, by a majority vote the Panel
      granted the regulatory appeal to grant the appeal and determine that the
      special appeal be sent to the higher court. On December 7, 2011, the
      proceeding was assigned, by prevention, to Justice Marco Buzzi (Reporting
      Judge). </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The plaintiffs </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">filed a request for substitution of collateral,
      arguing that the National Treasury Bills - LFT's offered as collateral
      bore a maturity date of March 7, 2012. Served of process, the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">Company</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> agreed to the request for substitution.
      Accordingly, the Reporting Judge approved the substitution of the National
      Treasury Notes, series B - NTN-B, shown in the correspondence accompanying
      the petition filed by the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">Plaintiffs. </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Case held
      by the Reporting Judge on September 25, 2012. On December 1, 2015, the
      plaintiffs filed a petition containing the opinion of Prof. Ary Oswaldo
      Mattos Filho on the case. On February 14, 2017, the Company&#8217;s Special
      Appeal was partially granted in order to fully deny the main action of the
      Plaintiff and reduce the contingency fees applied to the Company in the
      counterclaim, but maintaining the denial of the counterclaim plea. On
      September 11, 2017, the Office of the Attorney General submitted an
      opinion for not granting the plaintiff&#8217;s appeal. The record was finally
      concluded by the Reporting Judge and is pending of
  decision.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Main lawsuit: Remote</FONT></P>
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Counterclaim: Probable.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">In the event the Company loses the case, the main
      effect for the current shareholders will be the economic dilution
      corresponding to the difference between the market value of the shares at
      the time they were issued, and the amount stipulated by the court of last
      resort as being the subscription price for exercising the subscription
      bonuses.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">43</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_46></A>
<a name="_bclPageBorder46"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader46"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 15.25pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 15.25pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">03.047.887-1</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">STJ</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">20</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">3</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Economus
      Instituto de Seguridade Social (E</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">c</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">ono</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">m</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">s
      Institute of Social Security) X Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Currently unascertainable. In the event the Company
      loses the case, current shareholders may experience economic dilution
      corresponding to the difference between the market value of the shares at
      the time they were issued, and the amount stipulated by the court of last
      resort as being the subscription price for exercising the subscription
      bonuses. The historical amount attributed to the case is R$1.0 million
      (restated up to December/2017, in accordance with the Practical Table of
      the Appellate Court of the State of S&#227;o Paulo: R$2.4 million). In regard
      to the counterclaim, the historical amount attributed to the case is R$4.4
      million (restated up to December/2017, in accordance with the Practical
      Table of the Appellate Court of the State of S&#227;o Paulo: R$9.8
      million).</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The action was filed on April 28, 2003. On May 19,
      2003, the Company filed an answer, counterclaim and opposition to the
      amount of the lawsuit. On August 17, 2005, a sentence was published
      denying the claims made in the lawsuit and in the counterclaim. On
      September 29, 2005, the Company filed an appeal against the part of the
      sentence referring to the counterclaim. On September 28, 2005, the
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">E</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">c</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">ono</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">m</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">s
      I</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">sti</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">t</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">u</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">te of Social Security filed an appeal against the
      part of the sentence referring to the lawsuit</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">On May 13, 2011, the appeals filed both by the
      Company and Economus Institute of Social Security were added to the trial
      docket</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> of May 26, 2011; however, at the request of the
      third judge, after the votes of the Reporting Judge and the judge-reviewer
      denying the appeals, the trial was adjourned until June 9, 2011, on which
      date both appeals were denied, with the declaration of concurrent vote by
      the judge-reviewer. On July 28, 2011, Economus </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Instituto de Seguridade Social</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> filed a Motion for Clarification against the
      appellate decision that had denied its appeal. On August 11, 2011, the
      Motion for Clarification was rejected. On October 6, 2011, Economus
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Instituto de Seguridade Social</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> filed a special appeal. On May 30, 2012, the
      special appeal was assigned to the Fourth Panel Justice Raul Ara&#250;jo. On
      December 12, 2013, Justice Raul Ara&#250;jo decided not to entertain the
      appeal. Against this decision, Economus </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Instituto de Seguridade Social</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> filed an appeal against the Refusal Decision of
      the Special Appeal, which was granted, for cognizance of the Special
      Appeal. On October 27, 2015, the Special Appeal by Economus </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Instituto de Seguridade Social</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> was denied by the STJ. Economus </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Instituto de Seguridade Social</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> filed a motion for clarification against the
      appellate decision that denied the special appeal. The motion for
      clarification was rejected on March 10, 2016 by the Fourth Panel of the
      STJ. On April 26, 2016, Economus </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Instituto de Seguridade Social</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> filed an Appeal to the Special Court of STJ. On
      August 15, 2016, the Company filed opposition to the Appeal, together with
      legal opinions for its inadmissibility and invalidity. On December 9,
      2016, the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Federal
      Prosecutor&#8217;s Office filed an opinion by no knowledge of the Appeal. On
      February 13, 2017, The Company spontaneously filed an answer to the
      Federal Prosecutor&#8217;s Office&#8217;s opinion, whereby it opposed the attempt of a
      consensual solution to the dispute. On March 21, 2017, </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Economus </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Instituto de Seguridade Social</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> agreed to the attempt of a consensual solution to
      the dispute. On March 21, 2017, Economus </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Instituto de Seguridade Social</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> agreed to the attempt of a consensual solution to
      the dispute or subsidiarily, the trial together with this appeal with
      other appeals, whether filed by a third party, on the same subject. Since
      March 22, 2017, the case is prepared by the Reporting Judge Jorge
      Mussi.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Main lawsuit: remote.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Counterclaim: probable.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">In the event the Company loses the case, the main
      effect for the current shareholders will be the economic dilution
      corresponding to the difference between the market value of the shares at
      the time they were issued and the amount stipulated by the court of last
      resort as being the subscription price for exercising the subscription
      bonuses.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">44</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_47></A>
<a name="_bclPageBorder47"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader47"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 15.25pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 15.25pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">03.047.412-4</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">STJ</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">20</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">3</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">H</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">rta
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">T</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">H</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">C</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">la
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">S</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">ti</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">g</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">l</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">w</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">ag</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">r,
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">A</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">i</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">m
      L</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">ree
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">M</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">g</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">t
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">S</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">ti</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">g</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">l</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">w</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">gn</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">r X
      C</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">m</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">p</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">nh</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">ia</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">Currently unascertainable. In the event the Company
      loses the case, current shareholders may experience economic dilution
      corresponding to the difference between the market value of the shares at
      the time they were issued, and the amount stipulated by the court of last
      resort as being the subscription price for exercising the subscription
      bonuses.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">The historical amount attributed to the case is
      R$0.4 million (restated up to December/2017, in accordance with the
      Practical Table of the Appellate Court of the State of S&#227;o Paulo: R$1
      million). In regard to the counterclaim, the historical amount attributed
      to the case is R$13.8 million (restated up to December/2017, in accordance
      with the Practical Table of the Appellate Court of the State of S&#227;o Paulo:
      R$30.9 million).</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The action was filed on April 28, 2003. On May 14,
      2003, the Company filed an answer, counterclaim and opposition to the
      amount of the lawsuit. On March 28, 2006, a sentence was published denying
      the claims made in the lawsuit and in the counterclaim. On May 31,
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">06</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">, the
      Company filed an appeal against the part of the sentence referring to the
      counterclaim </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">and</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">,
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">on August 9, </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">06</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">, the
      plaintiffs filed an appeal </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">against the part of the sentence referring to the
      lawsuit</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">On December 18, </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">07</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">,
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">a majority of votes partly granted the plaintiffs&#8217;
      appeal so as to assure them of the right to subscribe the defendant's
      equity at the lowest issuance price</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">between</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"> February
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">19</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">9</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">6 and
      A</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">pril</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">3</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">;
      however, the claim for </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">damages was denied</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. The
      Company&#8217;s appeal was held to be moot, given the partial granting of the
      plaintiffs&#8217; appeal. On April 7, 2008, the Company</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman"> filed a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">motion to annul</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">.
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">On October 7, 2008, the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">Motion to Annul </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">was tried and the sentence denying the claims made
      in the lawsuit and in the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">counterclaim was upheld. On March 5, </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">9</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">, the
      plaintiffs filed a Special Appeal against the decision granting
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">Motion to Annul</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">. On the
      same date, the Company also filed a Special Appeal against the part of the
      sentence that upheld the denial of the claims made in the counterclaim. On
      July 17, 2009, a sentence was rendered granting the Special Appeal filed
      by the plaintiffs, while the Company's Special Appeal was denied.
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">On August 2, 2011, the trial of the appeals began,
      with the vote of the Reporting Judge Jo&#227;o Ot&#225;vio de Noronha against both
      appeals. Thereafter, the case records were excluded from the trial docket
      at the request of Justice Luis Felipe Salom&#227;o to see the
      records.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">On December 1, 2011, the trial began on August 2,
      2011 continued, and Justice Luis Felipe Salom&#227;o voted for partially
      granting the special appeal filed by the Plaintiffs and for denying the
      appeal filed by the Company. After Justices Raul Ara&#250;jo and Maria Isabel
      Gallotti accompanied the vote of the Reporting Judge, the Appeal was once
      again excluded from the trial docket at the request of Justice Antonio
      Carlos Ferreira. On September 4, 2012, a majority vote of the Fourth Panel
      denied both appeals, as determined in the vote of the Reporting Judge.
      Justices Luis Felipe Salom&#227;o and Antonio Carlos Ferreira, who took
      cognizance of and partially granted the appeal filed by the plaintiffs,
      and Justice Antonio Carlos Ferreira, who held the Company&#8217;s appeal to be
      moot, were defeated. Against this appellate decision, the plaintiffs filed
      a Motion for Clarification, rejected by the Fourth Panel of the STJ on
      September 17, 2015. On February 11, 2016, the plaintiffs filed an Appeal
      against a divergent decision. On April 14, 2016, the Company filed an
      opposition to the Appeal against a divergent decision, accompanied by
      legal opinions for its inadmissibility and invalidity. On December 9,
      2016, the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Federal
      Prosecutor&#8217;s Office filed an opinion by no knowledge of the Appeal. On
      February 13, 2017, the Company spontaneously filed an answer to the
      Federal Prosecutor&#8217;s Office&#8217;s opinion, whereby it opposed the attempt of a
      consensual solution to the dispute. On April 6, 2017, the deadline was
      certified in order to the plaintiffs to answer on the opinion of the
      Federal Prosecutor&#8217;s Office. On the same date, the case was finally
      decided by the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Reporting Judge Jorge Mussi, where it
      remains.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Main lawsuit: remote.</FONT></P>
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Counterclaim: probable.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">In the event the Company loses the case, the main
      effect for the current shareholders will be the economic dilution
      corresponding to the difference between the market value of the shares at
      the time they were issued, and the amount stipulated by the court of last
      resort as being the subscription price for exercising the subscription
      bonuses.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">45</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_48></A>
<a name="_bclPageBorder48"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader48"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 15.1pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 15.1pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">0047983-85.2003.8.19.0001</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="MARGIN: 0cm 7.05pt 0pt 7.45pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Rio de
      Janeiro</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="MARGIN: 0cm 7.05pt 0pt 7.45pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">STJ</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="MARGIN: 0cm 7.05pt 0pt 7.45pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">20</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">3</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="MARGIN: 0cm 7.05pt 0pt 7.45pt"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">Tempo Capital Fundo de Investimento em A&#231;&#245;es
      (T</FONT><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%" face="times new roman">e</FONT><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.15pt; LINE-HEIGHT: 115%" face="times new roman">m</FONT><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">p</FONT><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">o
      C</FONT><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">p</FONT><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">it</FONT><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">l
      </FONT><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Equity</FONT><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">Investment</FONT><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman"> Fund</FONT><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">) x
      Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.05pt 0pt 7.45pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Currently unascertainable.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">In the event the Company loses the case, current
      shareholders may experience dilution corresponding to the difference
      between the market value of the shares at the time they were issued, and
      the amount stipulated by the court of last resort as being the
      subscription price for exercising the subscription bonuses.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.05pt 0pt 7.45pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.05pt 0pt 7.45pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The historical amount attributed to the case is
      R$1.2 million (restated up to December/2017, in accordance with the
      monetary restatement index adopted by the Appellate Court of the State of
      Rio de Janeiro: R$2.8 million). The historical amount attributed to the
      counterclaim is R$7.9 million (restated up to December/2017, in accordance
      with the monetary restatement index adopted by the Appellate Court of the
      State of Rio de Janeiro: R$18.6 million).</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The complaint requested sentencing of the Company
      to the issuance of shares that would be entitled to the subscription
      bonuses held by the plaintiff, at the price the latter understands to be
      correct, which is less than that published by the Company and ratified by
      the Brazilian Securities Commission &#8211; CVM, adjusted according to the
      capital increases that occurred in the period from 1996 to 2003 as a
      result of the exercise of stock options under the stock options plan by
      Company employees, and other subscription bonuses issued in 1993, and the
      payment of material damages arising from delay in issuing
      shares.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The
      counterclaim requested sentencing of the plaintiff to the payment of the
      correct price for the exercise of the rights provided for in the
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">subscription bonuses</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">, as
      previously agreed in such securities and disclosed to Ambev in Material
      Fact and approved by CVM. </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%" face="times new roman">The lower court denied the claims made in the
      lawsuit, and granted the counterclaim filed by the Company. This sentence
      was reversed by the Appellate Court of the State of Rio de Janeiro,
      resulting in the filing by the Company of a motion to annul the appellate
      decision of the 3<SUP>rd</SUP> Civil Chamber of the Appellate Court of the
      State of Rio de Janeiro. The motion to annul was denied by three votes to
      two and the Company filed a special appeal against the appellate decisions
      and the motion to annul. The Company&#8217;s special appeal was denied, so an
      appeal was filed with the Superior Court of Justice. In a lower court
      decision, Justice Aldir Passarinho Junior denied the Company&#8217;s
      appeal.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The Company filed a regulatory appeal against this
      decision, which denies his appeal in special appeal. </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">On August 2, 2011, continuing with the trial, and
      after an opinion by Justice Jo&#227;o Ot&#225;vio de Noronha disagreeing with the
      Reporting Judge, Justice Aldir Passarinho Junior, who had denied the
      appeal, the Justices of the Second Panel of the Superior Court of Justice,
      by a majority vote, agreed to grant the Company&#8217;s regulatory appeal to
      grant the interlocutory appeal and determine that the special appeal be
      sent to the higher court. On March 8, 2012, the special appeal was
      assigned, by prevention, to Justice Marco Buzzi (Reporting Judge) of the
      Fourth Panel of the Superior Court of Justice. On May 16, 2016, the
      Company's special appeal was known and monocratically provided by the
      </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Reporting Judge</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman"> Marco Buzzi. On May 23, 2016, the plaintiff filed
      an appeal. On June 16, 2016, Ambev filed an opposition to the internal
      interlocutory appeal of Tempo Capital. On May 18, 2017, the internal
      interlocutory appeal filed by the plaintiff was dismissed by
      majorit</FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">y</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman"> of votes. On June 21, 2017, Tempo Capital filed
      Requests for Resolution of Conflict in Decision, against which the Company
      filed an answer on September 20, 2017. On September 29, 2016, the Office
      of the Attorney General submitted an opinion for not granting the Requests
      for Resolution of Conflict in Decision. The record was finally concluded
      for decision of the Reporting Judge since October 2,
2017.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts (continued)</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.05pt 0pt 7.45pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Main lawsuit: remote.</FONT></P>
      <P style="MARGIN: 0cm 7.05pt 0pt 7.45pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Counterclaim: probable.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">h.
      analysis of the impact in case of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.05pt 0pt 7.45pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">In the event the Company loses the case, the main
      effect for the current shareholders will be the economic dilution
      corresponding to the difference between the market value of the shares at
      the time they were issued, and the amount stipulated by the court of last
      resort as being the subscription price for exercising the subscription
      bonuses.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">46</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_49></A>
<a name="_bclPageBorder49"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader49"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>&nbsp;</DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5pt" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="100%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 6.75pt 0pt 7.1pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">0091106-60.2008.8.19.0001</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">a.
      court</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Rio</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> d</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e
      J</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">n</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">e</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">i</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">r</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">o</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">b.
      level</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">STJ</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">c. date
      filed</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">20</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">8</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">d.
      parties to the proceeding</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Sergio Campos Faria x</FONT><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"> the
      Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">e.
      amounts, assets or rights involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.05pt 0pt 7.45pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">It is not possible to ascertain the amount at this
      moment. In case the Company receives a favorable decision in this case,
      there may occur an economic dilution for the existing shareholders
      corresponding to the difference between the fair value of the shares when
      they were issued and the amount ultimately established in court as the
      strike price for the warrants. </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The historical amount attributed to the case is
      R$24,910.00 (restated up to December/2017, in accordance with the monetary
      restatement index adopted by the Appellate Court of the State of Rio de
      Janeiro: R$44,939.78).</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.05pt 0pt 7.45pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">The complaint requested sentencing of the Company
      to (i) the issuance of 8,210 preferred shares and 230 registered common
      shares </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">of AMBEV, by depositing the securities at the
      depositary financial institution - Banco Ita&#250; S/A &#8211; under penalty of a
      daily fine. (ii) to declare that the price adjustment section covers the
      capital increases occurred due to the exercise of options and those
      arising from warrants of 1993, recognizing the right of plaintiff to
      subscribe the shares at the lowest price to be established in a decision,
      based on the increases above mentioned; (iii) the delivery of the shares
      by the respondent based on&nbsp; a price of R$185.08 per lot of 1000
      common shares and R$117.67 preferred shares; and (iv) the condemnation of
      the respondent to damages to be calculated upon settlement of the
      judgment, consisting of the payment of benefits, dividends and bonus
      related to the corresponding shares from the date they should have be
      issued (April 30, 2003) to the date they are available to the plaintiff.
      In the lower court, the motions made in the main case were partially
      granted, condemning the Company to issue 8,210 registered preferred shares
      (AMBEV - PN) and 230 registered common shares (AMBEV - ON), at the price
      of nine hundred and fifteen Reais, and ninety-five cents (R$915,95) per
      lot of 1.000 common shares, and nine hundred and nine Reais and
      seventy-seven cents (R$909.77) per lot of 1.000 preferred shares to be
      deposited under custody of a branch to be indicated by Banco Ita&#250;; and
      refund damages consisting of payment of benefits, dividends and bonus
      related to the shares, as provided for in item 1 above, taking into
      account the period beginning on April 30, 2003 and the actual payment. The
      judgment was rendered by Court of Justice of the State of Rio de Janeiro,
      which unanimously granted the motion for forfeiture made by the Company.
      The plaintiff filed a special and extraordinary appeal against the
      appellate decision. An appeal was filed before the Superior Court of
      Justice and the Supreme Court of Justice. The records were submitted in
      August 2013 to the Reporting Judge, and are pending of decision on the
      Special Appeal. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">f.
      primary facts (continued)</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Main case: Remote</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="24%">
      <P style="MARGIN: 0cm 6.75pt 0pt 7.1pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">g.
      chances of loss</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.75pt 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">In case the Company receives a favorable decision
      in this case, the main effect shall be the economic dilution for the
      existing shareholders corresponding to the difference between the fair
      value of the shares when they were issued and the amount ultimately
      established in court as the strike price for the warrants</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">47</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_50></A>
<a name="_bclPageBorder50"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader50"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">4.4.1.
Indicate the total amount provisioned, as the case may be, for the proceedings
described in section 4.4.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">As of December
31, 2017, the Company held no provisions for the cases described in the
foregoing section.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">48</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_51></A>
<a name="_bclPageBorder51"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader51"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">4.5 &#8211; Relevant
confidential proceedings</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman">Not applicable, as the Company and/or its subsidiaries
are not parties to confidential proceedings.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">49</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_52></A>
<a name="_bclPageBorder52"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader52"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">4.6-
Repetitive or related non-confidential judicial, administrative or arbitration
proceedings collectively material</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">i. Labor law
proceedings</FONT></I></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">There are no
repetitive or related non-confidential judicial, administrative or arbitration
proceedings that are collectively material.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ii. Tax
proceedings</FONT></I></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Without
prejudice to individual relevant proceedings submitted in the tables of item 4.3
above of this Reference Form, we submit below the description of the
repeated/related tax proceedings which are relevant as a whole. As applicable,
the amounts provided in this item include those reported in item 4.3 above of
this Reference Form.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Ambev S.A. has been notified by the State of Rio de
Janeiro for the collection of ICMS tax alleged to be due on unconditional
discounts granted by Ambev between January 1996 and February 1998. In October
2015 and January 2016, Ambev decided to settle such collections under an
incentive for tax payment program in the total amount of approximately R$271
million. In 2013, 2014 and 2015, Ambev&nbsp; received similar tax assessment
notices issued by the states of Par&#225; and Piau&#237;. Ambev filed an answer against
such assessments and currently is pending of decision. After payment made to the
State of Rio de Janeiro, Ambev&nbsp; estimates that the amount involved in the
proceedings as of December 31, 2017 is approximately R$599.7 million (R$559.5
million on December 31, 2016), classified as a possible loss and, therefore, not
provisioned. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">2.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Products manufactured in the Manaus Free Zone for
dispatch to other places in Brazil are exempt from Federal VAT (IPI tax). There
are discussions on whether the acquisition of such goods entitles the acquirers
to register IPI credits. Units of Ambev recorded presumed IPI credits on the
acquisition of exempt inputs manufactured in the Free Tax Zone of Manaus. Since
2009, Ambev has received several tax assessments to disallowance of such
credits. The matter is pending of decision by the Federal Supreme Court. Ambev
estimates the amount involved in these proceedings to be approximately R$3.2
billion (R$2.0 billion on December 31, 2016), classified as a possible loss and,
therefore no provision was established.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">3.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;Besides, over the years, the Company has received
collections from the Brazilian Federal Revenue Service demanding federal taxes
considered unduly compensated with the IPI credits currently under discussion in
the aforementioned cases (item 2). The Company filed a defense against such
collections and currently is waiting for a decision. Ambev&nbsp; estimates the
possible losses involving these assessments, as of December 31, 2017, to be
approximately R$866 million (R$735.5 billion on December 31, 2016), and has
classified the loss as possible, therefore, without related provision.
</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">4.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">During 2014 and 2015, Ambev received tax assessments by
the Brazilian Federal Revenue, for collection of IPI tax allegedly due on the
remittance of finished goods to and from the Company units. Ambev estimates the
amount involved in these proceedings to be approximately R$1.5 billion as of
December 2017. No provision has been made in this respect, since those
proceedings were classified as possible loss.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">5.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Over the years, the Company has received tax assessments
from the States of S&#227;o Paulo, Rio de Janeiro and Minas Gerais, among others,
involving the legality of availing of ICMS credits on transactions subject to
fiscal incentives granted by other states of the Federation. The amount under
discussion as of December 31, 2017, is approximately R$1.9 billion (R$1.8
billion on December 31, 2016). These proceedings are considered as possible
losses, therefore no relevant provisions have been </FONT><a name="page_53"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">made.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">50</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_53></A>
<a name="_bclPageBorder53"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader53"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">6.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Over the years, the Company has received tax assessments
that attempt to collect alleged differences in ICMS taxes that certain states
deem to be owed under the tax substitution regimen, in situations where the
selling price of the products from the plant reaches levels near to or in excess
of the amount established in the tax listing published by the States, in which
cases the understanding of the tax authorities is that the tax basis shall be
the price of the transaction plus an added-value margin, and not the listing
price. Considering that this charge is illegal, the Company is questioning the
assessments before administrative and legal courts. Among other events, in
August 2016, the Company received three tax assessments issued by the State
Finance Department of Minas Gerais, in the historic amount of R$1.4
billion.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the first
quarter of 2018, a final unfavorable decision was issued on such proceedings
under the administrative sphere. The Company will initiate an action to discuss
the proceeding in court. In 2017, Ambev received new tax assessments issued by
the State of Rio de Janeiro related to such matter totaling the historic amount
of R$900 million. The Company submitted defense against such tax assessments,
which are pending of decision by the Administrative Court. Taking into account
the new tax assessments, as well as others received in 2017, Ambev S.A.
estimates that the amount of possible risk involved in these assessments, as of
December 31, 2017, is approximately R$5.8 billion (R$4.5 billion as of December
31, 2016). Provisions have been made in the total amount of R$6.7 million
for&nbsp; specific cases in which Ambev estimates that the chances of loss
became probable, due to procedural matters.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">7.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">During the first quarter of 2005, the Company and several
of its subsidiaries received tax assessments from the Brazilian Federal Revenue
Service referring to tax on earnings by subsidiaries domiciled overseas. In
December 2008, CARF ruled on one of the assessments, with a decision that
partially favored the Company. With regard to the outstanding portion, the
Company filed a special appeal to the Superior Chamber of the CARF. On March
2017, the Higher Court concluded the decision of the case unfavorably. In
September 2017, the Company filed an injunction to discuss the matter, which was
favorably granted to the Company. As of December 31, 2013, 2016 and 2017, the
Company received two new tax assessments related to the subject. For the year
2017, Ambev&nbsp; estimates an amount of approximately R$6.1 billion, and has
classified the loss as possible, and approximately R$44.2 million classified as
a probable loss. The Company established a provision for the amount classified
as probable loss. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">8.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman">In December 2011, the Company received a tax assessment
issued by Brazilian Revenue Office mainly related to the disallowance of
expenses with amortization of goodwill arising from the merger of InBev Holding
Brasil S.A. In November 2014, CARF concluded the judgment of the appeal. Taking
into account that the judgment was partially favorable, Ambev filed motions for
clarification. In September 2016, such motions were partially granted, and Ambev
was formal notified of the decision in January 2018. As the CARF decision was
favorable in part, Ambev filed an injunction to discuss the matter, which was
granted preliminarily in favor of the Company.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"> The remaining portion of the matter shall be submitted
to review by the High Panel of CARF.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman">In June 2016, Ambev received a new tax assessment related
to the disallowance of expenses with amortization of goodwill arising from the
merger of InBev Holding Brasil S.A., in the years 2011 to 2013. In March 2017,
Ambev was notified that a favorable decision was partially granted in the
administrative lower court and filed a Voluntary Appeal before CARF.
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In May 2018, CARF partially granted the Company&#8217;s appeal.
Currently it is waiting that the Judgment be issued in order to assess the
filing of possible appeals.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman">The Company estimates its exposition to this matter is of
approximately R$8.3 billion on December 31, 2017 (R$7.8 billion in December 31,
2016), classified as possible loss, and, therefore, the Company did not
establish a provision. In case the Company is required to pay such amount,
Anheuser-Busch InBev SA/NV will reimburse an amount (70%) in proportion to its
benefit obtained with the amortization of such goodwill, as well </FONT><a name="page_54"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman">as the respective costs. </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">51</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_54></A>
<a name="_bclPageBorder54"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader54"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman">9.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman">In October 2013, Ambev received a tax assessment related
with the amortized goodwill related to the merger of Beverage Associates Holding
Limited (BAH) into Ambev. In December 2014, Ambev filed a Voluntary Appeal
against the decision issued by the administrative lower court, which decided for
the tax assessment. In March 2017, the Lower Panel of CARF concluded the
judgment determining the return of the case to the Federal Revenue Judgment
Office. In July 2017, Ambev was notified of the decision reviewed by DRJ and
filed a new Voluntary Appeal. The amount of the possible risk is of
approximately R$1.6 billion in December 31, 2017. No provision was established
for the matter. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">10.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman">In November 2017, Ambev received a tax assessment related
with the amortized goodwill related to the merger of CDN Holdings into Ambev.
Ambev filed an Opposition to the tax assessment within the legal period and is
waiting the judgment by the Federal Revenue Judgment Office (&#8220;DRJ&#8221;). The amount
of the possible risk is of approximately R$1.1 billion. No provision was
established for the matter.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">11.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Since 2014, the Company has received tax assessments for
the collection of IRPJ and CSLL taxes whose subject matter is the reversal of
credits on income tax paid overseas by the Company&#8217;s subsidiaries The Company
has submitted its defense for all cases and is waiting for a decision from the
lower court for the cases received in 2015 and 2016, and by CARF for the others.
In September 2017, the Company chose to include part of such tax assessments in
the Federal Tax Amnesty Program established under Provisional Measure No. 783
(&#8220;PERT&#8221;). Ambev estimates that the possible losses arising from these
assessments are approximately R$7.2 billion as of December 31, 2017.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">12.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company and one of its subsidiaries are parties to
tax assessments filed by the Brazilian Federal Revenue Service for the purpose
of collecting an alleged tax credit arising from the Federal Revenue&#8217;s
disagreement with the full availment of accumulated tax losses rebated from the
taxable income by companies in their final year of existence, arising from
merger. In February 2016, the Superior Court of CARF ruled on two of the
Company&#8217;s cases. Ambev filed with the respective legal measures for discussion
on the subject and received the first favorable decision from the lower court in
September, 2016. In March 2017, Ambev received a unfavorable court decision
issued by the lower court related to the later proceeding under discussion in
court and filed an Appeal.&nbsp; Management estimates the possible losses
involving these assessments to be approximately R$549.4 million as of December
31, 2017. No provision was established for the matter.</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">13.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;In December 2014, the Company received a tax
assessment issued by the Brazilian Federal Revenue in an amount of approximately
R$1.3 billion. The tax assessment was in general based on the disallowance of
expenses related to income of the financial instruments used for hedging against
inherent risks to price or rate fluctuations related with the operational
activities of the Company. In August 2017, CARF decided in favor of Ambev and,
in December 2017, Ambev was notified of such decision, as well as of the
statement made by the tax authority informing that no appeals would be filed and
that the case would be forwarded to archive for extinction. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In December
2015 and 2016, the Company received two new tax assessments issued by the
Brazilian Federal Revenue dealing with the same matter. The Company estimates
that the exposition to possible loss in this case is of approximately R$4.4
billion (R$5.6 billion as of December 31, 2016). No provision was established
for the matter.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">14.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In April 2016, Arosuco (Ambev&#8217;s subsidiary) received tax
assessments for the use of Presumed Profit for calculation of income tax and
social contribution on the net profit instead of the method of Actual Profits.
In September 2017, Arosuco was notified of an unfavorable decision in the
Administrative Low Court and filed a Voluntary Appeal. Arosuco estimates that
the possible losses arising from these assessments are approximately R$616.1
million, as of December 31, 2017, classified as possible loss and, therefore,
with no related provision. In December 2016, CRBS (Ambev&#8217;s subsidiary) received
tax </FONT><a name="page_55"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">assessments for the use of Presumed Profit for
calculation of income tax and social contribution on the net profit instead of
the method of Actual Profits. In July 2017, CRBS was notified of an unfavorable
decision issued by the administrative lower court and filed a Voluntary Appeal.
In September 2017, CRBS&nbsp; chose to include such tax assessment in the&nbsp;
Federal Tax Amnesty Program established under Provisional Measure No. 783
(&#8220;PERT&#8221;). There are no loss amounts related to this matter as of December 31,
2017.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">52</FONT></P></DIV>
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<a name="_bclHeader55"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">15.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;Since 2015, Ambev has received tax assessment from
the Brazilian Federal Revenue for the collection of amounts purportedly owed in
relation to PIS and COFINS on bonus granted to its clients.&nbsp; Ambev has
submitted its defense of the tax assessments, which is now pending of decision.
Ambev estimates the amount involved in the cases, as of December 31, 2017, is
approximately R$3.1 billion (R$1.5 billion as of December 31, 2017) classified
as possible loss and, therefore, with no related provision.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">iii.
</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Civil and Criminal proceedings</FONT></I></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">There are no
repetitive or related non-confidential legal, administrative or arbitration
proceedings, whether civil or criminal, that are collectively
material.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">4.6.1.
Indicate the total amount provisioned, if any, for the proceedings described in
section 4.6.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">As of
December 31, 2017, the Company held a provision of R$50.038 million for the tax
cases described in the foregoing section.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">53</FONT></P></DIV>
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<a name="_bclPageBorder56"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader56"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.7 &#8211; Other material contingencies</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Class Action against Brewers Retail, Inc.</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">On December 12, 2014, a class lawsuit was filed with the
High Court of Justice of the Province of Ontario, Canada, against the Liquor
Control Board of Ontario, Brewers Retail Inc. (&#8220;TBS&#8221;) and the shareholders of
Brewers Retail Inc. (Molson Coors Canada, Sleeman Breweries Ltd. and Labatt
Breweries of Canada LP). The lawsuit was proposed in Canada pursuant to the
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Ontario</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"> Class Proceedings Act</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"> and seeks, among other things: (1) to obtain a
declaration that the defendants conspired with each other to allocate markets
for the supply of beers sold in Ontario, since June 1, 2000; (2) obtain a
declaration that Brewers Retail Inc. and its shareholders conspired to fix,
increase and/or maintain the prices charged to Ontario licensees (in the market)
for beer, and the fees charged by the TBS to other competitor breweries looking
to sell their products through the TBS; and (3) indemnification for unjust
enrichment. As part of this third claim, the plaintiffs allege illegal
commercial practices by Brewers Retail Inc&#8217;s shareholders. They claim
indemnification of C$1.4 billion (approximately R$3.7 billion); as well as
punitive, exemplary and aggravated damages of C$5 million (R$13.1 million); and
changes/revocations in the legislation affected. The Company established no
provision in respect of this lawsuit. A motion for prior judgment of the case
was filed by defendants and the hearing before the High Court of Ontario
occurred on February 2018. It is expected that the hearing related to class
qualification and review of the merits shall occur before the end of 2018.
</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">54</FONT></P></DIV>
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<a name="_bclPageBorder57"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader57"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">4.8 &#8211; Rules of
the country of origin and the country where the securities are held in
custody</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable, since the </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Company&#8217;s principal place of business is located in
Brazil</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">55</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_58></A>
<a name="_bclPageBorder58"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader58"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">5.1. With
regard to the risks mentioned in section 4.1, inform:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a) whether the
issuer has a formalized risk management policy and, if so, inform the body that
approved it and the date of the approval and, if not, the reasons why the issuer
has not adopted such a policy</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
does not have a single policy for managing the risks indicated in section 4.1 of
this reference form. These are managed in a variety of manners, among which we
highlight the main ones below.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Code of
Conduct</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
Business Code of Conduct establishes the guidelines for the behavior that all
directors, officers and employees (&#8220;Employees&#8221;) of the Company and its
subsidiaries must abide by in Brazil or abroad, as well as lays down the
principles that the Company expects that the individuals and entities that act
on our behalf uphold. Worthy of note are:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">incorporation of the principles of the Company disclosed
to the Employees and compliance with all applicable laws, regulations and
policies, including the Code of Conduct, and with the high standards business
ethics;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(ii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">relations with customers, suppliers, competitors,
employees and government bodies and representatives must be based on compliance
with all applicable laws and regulations;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(iii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">business practices that do not infringe human rights and
are aligned with several international responsible business conduct
standards;</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(iv)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">respect to diversity, authenticity and the individual,
being all forms of discrimination forbidden, whether by race, religion, gender,
sexual orientation, age, political opinion, nationality, social status, origin
and others;</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(v)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">promotion of smart consumption;</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(vi)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">performance respecting the applicable antitrust
legislation and requirement of approval of commercial practices and policies by
the Company&#8217;s Compliance Area;</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(vii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">obligation to report any conflicts of interest with the
Company;</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(viii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">no tolerance towards any and all acts of corruption,
being compliance with all local and international laws that forbid corruption in
all the locations where the Company operates mandatory, as well as compliance
with the Company&#8217;s rules, policies and internal procedures. The Company has in
place an Anti-Corruption Policy that establishes the forbidden conducts
according to the (local and foreign) anti-corruption legislation applicable to
the Company, as well as regulates subjects such as (i) gifts, donations,
entertainment and hospitality for public agencies and servants, (ii) political
contributions, (iii) contracting with public agencies, (iv) compliance due
diligence procedures for service providers and suppliers (intermediaries), and
(v) reporting channels, among others.</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(ix)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">hiring of and payment to service providers that may have
occasional contact with government employees, on behalf of the Company, must
abide by the rules defined by the </FONT><a name="page_59"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Company&#8217;s Compliance Area;</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">56</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_59></A>
<a name="_bclPageBorder59"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader59"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(x)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">prohibition on accepting presents, corporate gifts,
favors, loans, services or special treatment of any kind from individuals or
organizations that do or attempt to do business with the Company, regardless of
value;</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(xi)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">upholding the proper professional standards in
documentation involving accounting and financial matters, so that the Company&#8217;s
financial statements, its books and records precisely, clearly and completely
reflect, in proper details, all businesses and operations of the
Company;</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(xii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">preservation of the confidentiality of the Company&#8217;s
information and prohibition on disclosing or providing passwords to other
people;</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(xiii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">guidelines about social networks and instant messaging
applications, in order to preserve the Company&#8217;s image;</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(xiv)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">use of the Company&#8217;s entire assets solely for legitimate
corporate purposes;</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(xv)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Guidelines about communication with the market and with
the press.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
Board of Executive Officers, within the Ethics Committee, is responsible for
managing the Code of Conduct, receiving advice from Company&#8217;s compliance area,
which is in charge of (i) evaluating how the entire procedures contained in the
Code of Conduct are applied, so as to ensure their efficacy and effectiveness,
(ii) ensuring that all the Employees and third parties that do business with the
Company are aware of the Code of Conduct, and (iii) ruling on and managing the
cases of infringements of the Code of Conduct, taking the necessary measures.
For more information, see item 5.4 of this Reference Form.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">All the
subjects addressed by the Code of Conduct, including anti-corruption practices,
are disseminated to the entire Company through internal communications and
videos. Moreover, 100% of the employees who are specialists, managers, officers
and members of the Board of Directors participate in online and/or face-to-face
trainings on the Code of Conduct and anti-corruption practices
annually.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The entire
content of the Code of Conduct is available on the Company&#8217;s webpage at the
following electronic address: www.ambev.com.br, in the field "Sobre a Ambev&#8221;,
&#8220;&#201;tica&#8221;, &#8220;C&#243;digo de Conduta&#8221;. In addition, the Code of Conduct is also available
on the Company&#8217;s investor relations webpage at ri.ambev.com.br, in the field
&#8220;Governan&#231;a Corporativa", "Pol&#237;ticas e C&#243;digos", "C&#243;digo de Conduta".</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Manual on
Disclosure and Use of Information and Policy on Trading
Securities</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Manual on
Disclosure and Use of Information and Policy on Trading Securities
(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Manual</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#8221;) sets the
rules regarding:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">the use, notification and disclosure of material
information involving the Company&#8217;s business and activities, arising from
decisions by its management bodies or controlling shareholders, among others,
which might reflect on how the negotiable securities of Ambev are traded on the
market;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(ii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">the policy on trading the Company&#8217;s securities pending
disclosure of a material act or fact, including during certain blackout periods,
so as to avoid improper use of inside information; and</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">57</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_60></A>
<a name="_bclPageBorder60"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader60"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(iii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">the adoption of mechanisms that ensure control and
transparency of trades involving the Company&#8217;s securities, among
others.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">For further
details about the Manual see sections 20 and 21 of this Reference Form.
</FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Manual is available at the following electronic
address: ri.ambev.com.br, in the field "Governan&#231;a Corporativa", "Pol&#237;ticas e
C&#243;digos", "Manual de Divulga&#231;&#227;o e Uso de Informa&#231;&#245;es e Pol&#237;tica de Negocia&#231;&#227;o de
Valores Mobili&#225;rios de Emiss&#227;o da Ambev".</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=PT-BR style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Insurance</FONT></U></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company has in place a risk management program with
the purpose of delimiting the risks, going to the market to take out coverage
compatible with its size and operations. Coverage was taken out for amounts
considered by the Company to be sufficient to meet any claims arising, bearing
in mind the nature of its business, the risks involved in its operations and the
advice from its insurance consultants.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Provisions</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
constitutes provisions in certain situations, as explained in its financial
statements. Generally speaking, provisions are recognized when: (i) the Company
has a current (legal or not formalized) obligation arising from past events;
(ii) future disbursement is likely to be required to liquidate a current
obligation; and (iii) the amount can be estimated with reasonable
certainty.</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Provisions for
disputes and litigation are recognized when it is more likely than not that the
Company will be required to make future payments arising from past events. These
payments include, but are not limited to various claims, proceedings and
lawsuits filed both by third parties and by the Company, involving competition
laws, breaches of distribution and licensing agreements, environmental issues,
labor claims, assessments by the tax authorities and other litigation issues.
Provisions are also recorded in case of doubtful debtors.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b) the
objectives and strategies of the risk management policy, as the case may be,
including:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">risks against which hedging is sought; </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The risk
management policies adopted, as described in the previous section, seek to
protect against a diverse range of risks identified in section 4.1 of this
reference form and which might have negative effects on the objectives set out
by the Company&#8217;s management, among which the highlights are: (i) damage to the
Company&#8217;s reputation; (ii) liability risks for products and other losses the
Company might suffer; (iii) information technology crashes; (iv) unfavorable
decisions in lawsuits; (v) risks associated with transactions between related
parties; (vi) risks in the relationship with suppliers and customers; and (vii)
imposition of anti-trust and anti-corruption legislation.</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(ii)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">hedging instruments used for protection; and
</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
instruments used and the strategy of each policy adopted are described in the
previous section. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(iii)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">organizational risk management structure</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
organizational risk management structure varies according to each policy, and we
have identified above and in other items of this reference form such structure
responsible for each risk managed. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The advisory
committees to the Board of Directors, under the terms of the respective internal
regulations, monitor the Company&#8217;s business and conduct, including with regard
to management of the risks to which it is subject. For further information about
the responsibilities and attributions of the Operations, Finance </FONT></FONT><a name="page_61"></a><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">and
Compensation Committee and the Compliance Antitrust and Related Parties
Committee, see section 12 of this reference form.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">58</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_61></A>
<a name="_bclPageBorder61"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader61"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Fiscal
Council, the Board of Directors and the Executive Board of the Company also
monitor its business and conduct, including with regard to how it manages the
risks to which it is subject, in accordance with the respective attributions and
responsibilities, as described in section 12 of this reference
form.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c) suitability
of the operating and internal controls structure for assessing the effectiveness
of the policy adopted.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Although the
Company does not have a single risk management policy, it believes that its
operational and internal controls structure is sufficient for ensuring the
effectiveness of its risk management practices. </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">59</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_62></A>
<a name="_bclPageBorder62"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader62"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">5.2 &#8211; With
regard to the risks mentioned in section 4.2, inform:</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a) whether the
issuer has a formalized market risk management policy and, if so, inform the
body that approved it and the date of the approval and, if not, the reasons why
the issuer has not adopted such a policy</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Market risks,
such as exposure in foreign currency, interest rates, commodity
prices</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">,</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> liquidity and
credit risk arise during the normal course of the Company&#8217;s business. The
Company analyses each of these risks both individually and on an interconnected
basis, defining strategies for managing the economic impact on its performance
in line with its financial risk management policy approved at the meeting of the
board of directors of Companhia de Bebidas das Am&#233;ricas on February 2, 2005
(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Policy</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#8221;).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b) the
objectives and strategies of the market risk management policy, as the case may
be, including:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The policy
aims to provide guidelines for managing the financials inherent to the capital
markets in which the Company closes its transactions. The policy covers four
major points: </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i)</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> capital
structure, financing and liquidity; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(ii)</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
business-related transactional risks; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(iii)</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> balance sheet
conversion risks; and </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(iv)</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> financial
counterparty credit risks.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The policy
sets out the procedures and controls required for identifying, whenever
possible, measuring and mitigating market risks, such as variations in foreign
exchange rates,&nbsp;interest rates and commodities (specially aluminum, wheat,
corn and sugar) that might affect the Company&#8217;s revenues, costs and/or
investments. The Policy stipulates that the risks currently on the books (for
example, foreign exchange and interest rate risks) must be hedged by contracting
derivative instruments. The Policy establishes that all financial assets and
liabilities in each country where the Company operates must be kept in their
respective local currencies.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">i. Risks
against which hedging is sought </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Interest rate
risk</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company is
exposed to interest rate volatility regarding existing debt issues at fixed
rates, debt issues at variable post-fixed rates, forward currency swaps and
futures agreements, cash and cash equivalents and short-term financial
investments. The Company manages its debt portfolio according to changes in
interest and currency rates, periodically writing off, redeeming and
repurchasing debt and using derivative financial instruments.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
has a dynamic approach towards interest rate hedging, according to which the
composition between fixed and floating rate debt is reviewed on a periodic
basis. The purpose of the Company&#8217;s policy is to reach a balance between the
cost of funding and the volatility of the financial results. To do that, market
conditions and business strategy are taken into account, and this strategy is
also reviewed periodically.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">By way of
example, the table below shows information about the Company&#8217;s key interest
rate-sensitive instruments. In the case of floating interest rate debt, the
rates shown are the weighted average calculated as of December 31, 2017. The
maturity terms of these instruments have been divided into categories, according
to the expected maturity dates: </FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">60</FONT></P></DIV>
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<a name="_bclHeader63"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Indebtedness
Profile and Maturities Schedule as of December 31, 2017</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(in millions
of R$, except for percentages)</FONT></I></B></P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 15.75pt">
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="26%" colSpan=2>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="73%" colSpan=9>
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 16.5pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative Instruments (1)</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2018</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2019</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2020</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2021</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="9%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2022</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Later</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="9%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%" colSpan=2>
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair Value</FONT></B></P></DIV></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="73%" colSpan=9>
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">BM&amp;F DI Futures:</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="9%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="9%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%" colSpan=2>
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Notional Amount ................... </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15.0</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15.0</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(0.0)</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">FIXED IRS x CDI (2):</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">110.0</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">110.0</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">25.0</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Notional Amount ................... </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">300.0</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">97.4</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">97.4</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1.8)</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">FIXED IRS x TJLP (2):</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Notional Amount ................... </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">149.5</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">149.5</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5.0</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15.0</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15.0</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(0.0)</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">FIXED IRS x TR (2):</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Notional Amount ................... </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">110.0</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">110.0</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">25.0</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="26%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Negative notional amounts represent an excess of liabilities over assets at a
given moment.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest rate swap.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Part of the
floating rate debt incurs interest at the TJLP (Long-Term Interest Rate). During
the period shown below, the TJLP was: </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="35%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="21%" align=center>
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2017</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="21%" align=center>
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2016</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="22%" align=center>
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2015</FONT></B></P></DIV></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">4<SUP>th</SUP> Quarter</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="21%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">7.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="21%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">7.50</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="22%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">7.00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">3<SUP>rd</SUP> Quarter</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="21%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">7.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="21%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">7.50</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="22%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">6.50</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2<SUP>nd</SUP> Quarter </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="21%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">7.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="21%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">7.50</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="22%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">6.00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">1<SUP>st</SUP> Quarter</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="21%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">7.50</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="21%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">7.50</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="22%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">5.50</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Foreign
Exchange Rate Risk</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
faces foreign exchange risk on loans, investments, procurement, dividends and
expenses/revenue with interest whenever they are denominated in a currency other
than the Company&#8217;s or the relevant subsidiary&#8217;s functional currency. The main
derivative financial instruments used to manage the foreign exchange risk are
futures contracts, swaps, options, non-deliverable forwards and full deliverable
forwards. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">From January
1, 2015 to December 31, 2017, the U.S. dollar appreciated 24.5% in relation to
the Brazilian Real, and as of December 31, 2017, the commercial rate to buy US
dollars was R$3.308 per USD 1.00. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
exposure to foreign currency creates market risks associated with variations in
foreign exchange rates, primarily with regard to the US dollar. By way of
example, Ambev&#8217;s foreign currency-denominated liabilities as of December 31,
2017 included debt of R$1,468.1 million.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">As of December
31, 2017, the Company&#8217;s derivative transactions consisted of forward foreign
exchange contracts, exchange rate swaps, options and futures contracts. The
table below provides information about the most important foreign exchange
rate-sensitive instruments as of December 31, 2017. The maturity terms for these
instruments have been divided into according to the expected maturity dates.
</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">61</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: left; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=left><B><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="74%" colSpan=8>

   <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">

   <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">(in millions of Reais, except for percentages)</FONT></I></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">

   <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: left; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=left><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Derivative Instruments (1)</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">

   <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">2018</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">

   <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">2019</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">

   <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">2020</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">

   <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">2021</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">

   <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">2022</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">

   <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Later</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">

   <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Total</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">

   <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Fair Value</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">BM&amp;F Dollar Futures:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>2,117.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>2,117.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>(4.0)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>3.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>3.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">BM&amp;F Euro Futures:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>47.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>47.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>0.1</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>3.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>3.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">NDF US$ x R$:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>3,628.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>3,628.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">54.5</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>3.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>3.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">FDF C$ x US$:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>805.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>805.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>(20.9)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>1.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>1.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">NDF C$ x US$:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; FONT-WEIGHT: normal; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount&nbsp;&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>8.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>8.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>0.0</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; FONT-WEIGHT: normal; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>0.0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>0.0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">FDF C$ x EUR:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">82.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">82.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">2.8</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">1.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">1.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">NDF MXN x R$:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>28.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>28.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>(0.4)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>0.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>0.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">NDF ARS x US$:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>1,075.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>1075.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">9.0</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>19.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>19.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">NDF CLP x US$:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>594.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>594.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>(46.2)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>665.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>665.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">NDF UYU x US$:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>133.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>133.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>(7.8)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>31.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>31.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">NDF BOB x US$:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>180.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>180.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>(1.8)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>7.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>7.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">NDF PYG x US$:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>358.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>358.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>(13.4)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>5,934.4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>5,934.4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">NDF MXN x US$:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>140.0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">3.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>143.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>23.8</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>0.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>0.0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>0.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">NDF MXN x CLP:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Notional Amount </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>229.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>229.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>(21.3)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric">Average Unit Price </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>33.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#000000>33.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.45pt; PADDING-RIGHT: 1.45pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD width="25%"><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman">&nbsp;</FONT></TD>

   <TD width="10%"><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman">&nbsp;</FONT></TD>

   <TD width="9%"><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman">&nbsp;</FONT></TD>

   <TD width="10%"><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman">&nbsp;</FONT></TD>

   <TD width="9%"><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman">&nbsp;</FONT></TD>

   <TD width="9%"><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman">&nbsp;</FONT></TD>

   <TD width="9%"><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman">&nbsp;</FONT></TD>

   <TD width="9%"><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman">&nbsp;</FONT></TD>

   <TD width="9%"><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: times new roman">&nbsp;</FONT></TD></TR></TABLE></DIV>

<DIV style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; PADDING-TOP: 1pt; PADDING-LEFT: 0cm; MARGIN-LEFT: 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 0cm">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Negative notional amounts represent an excess of liabilities over assets at a given moment</FONT></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt">


<FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">62</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>




<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Commodity Risk</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company uses a large volume of agricultural goods to manufacture its products, including malt and hops for beer, sugar, guaran&#225;, and other fruits and sweeteners for soft drinks. The Company purchases a significant part of its malt and all of its hops outside of Brazil, and purchases the remaining malt, sugar, guaran&#225;, and other fruits and sweeteners on the domestic market. The Company also purchases significant amounts of aluminum cans.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company believes that adequate supplies of the commodities that it uses are currently available; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">however, it cannot predict the future availability of these commodities</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">or the prices that will have to be paid for them. The commodity markets have experienced and will continue experiencing price fluctuations. The Company believes that the future price and supply of agricultural products will be determined, among other factors, by the level of crop production, weather conditions, export demand, and government regulations and legislation affecting agriculture; it also believes that aluminum and sugar prices will be strongly influenced by prices on international markets.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company pays for all the hops it procures on international markets outside of South America in US Dollars. Moreover, despite procuring aluminum cans and sugar in Brazil, the prices it pays are directly influenced by the fluctuation of international commodity prices.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">As of December 31, 2017, the Company&#8217;s operations in commodity derivatives consisted of contracts for sugar, wheat, aluminum, corn, oil, heating oil, and resins. The table below provides information on the most important instruments sensitive to commodity risks as of December 31, 2017. The terms contracted for these instruments have been categorized based on the foreseen maturity dates and are measured at market prices.</FONT></P>

<P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">63</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 16.5pt">
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PAGE-BREAK-AFTER: avoid; PADDING-BOTTOM: 0cm; TEXT-ALIGN: left; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; TEXT-INDENT: 0cm" align=left><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="76%" colSpan=8>
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Commodities Derivatives Maturity Schedule as of
      December 31, 2017</FONT></B></P></DIV></TD></TR>
  <TR style="HEIGHT: 16.5pt">
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: left; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=left><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Derivative instruments(1)</FONT></B></P></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2018</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2019</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2020</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2021</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2022</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">After</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Total</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Fair Value</FONT></B></P></DIV></TD></TR>
  <TR style="HEIGHT: 16.5pt">
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: left; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=left><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Sugar Derivatives:</FONT></B></P></DIV></TD>
    <TD style="HEIGHT: 16.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="76%" colSpan=8>
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">(</FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">in millions of Reais, except price per
      tonne/gallon/barrel/gigajoule</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Notional value. </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">195.7</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">88.4</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">284.0</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 9.75pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">(47.1)</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Price (R$/tonne) </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">1,104.4</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">1,144.3</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">1,116.5</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 9.75pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Wheat Derivatives:</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 9.75pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Notional value. </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">221.8</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">221.8</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 9.75pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">(4.5)</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Price (R$/tonne) </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">521.8</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">521.8</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 9.75pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Aluminum Derivatives:</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 9.75pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Notional value. </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">1,081.1</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">2.7</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">1,083.7</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 9.75pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">143.5</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Price (R$/tonne) </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">5,968.4</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">921.7</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">5,896.7</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 9.75pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Heating Oil Derivatives:</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 9.75pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Notional value. </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">42.2</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">42.2</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 9.75pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">12.7</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Price (R$/gallon) </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">9.9</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">9.9</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Natural Gas:</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Notional value. </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">5.7</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1.1</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">6.8</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">(2.7)</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Price (R$/GJ) </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">6.7</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5.7</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">6.5</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Corn Derivatives:</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 2.85pt">
    <TD style="HEIGHT: 2.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Notional value. </FONT></P></TD>
    <TD style="HEIGHT: 2.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">62.2</FONT></P></TD>
    <TD style="HEIGHT: 2.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 2.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 2.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 2.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 2.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 2.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">62.2</FONT></P></TD>
    <TD style="HEIGHT: 2.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">(1.8)</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Price (R$/tonne) </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">504.8</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">504.8</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Resin Derivatives:</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Notional value. </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">250.5</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4.0</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">254.5</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(4.2)</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Price (R$/tonne) </FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,305.1</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,834.3</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,324.0</FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD width="24%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">(1) Negative notional values represent an excess of
liabilities over assets at a given moment.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">A significant
portion of our production costs include commodities</FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">
</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">such as aluminum, sugar, hops and barley, the prices of
which fluctuated significantly in 2017. The increase in these
commodities&#8217;</FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">prices affects
our operating costs directly. Although our current policy is to mitigate our
exposure to risks associated with commodity prices whenever financial
instruments are available, we cannot guarantee that such hedging will be
possible at all times in the future.</FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: left; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=left><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Commodities</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Highest Price</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lowest Price</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average in 2017</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fluctuation</FONT></B></P></DIV></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Aluminum ($/Tonne) </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,284.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">1,685.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">1,980.13</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">35.5%</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Sugar (Cents/Pounds)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">21.18</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">12.55</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">15.78</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">68.8%</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Corn (Cents/Bushel)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">392.25</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">329.50</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">359.22</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">19.0%</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Wheat (Cents/Bushel) </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">539.25</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">387.25</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">435.76</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">39.3%</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">PET ($/Tonne)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">1,045.63</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">892.50</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">970.71</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0cm 36pt; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">17.2%</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" color=black face=Calibri,sans-serif>Sources: </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Aluminum LME,
Sugar ICE, Corn CBOT, Wheat CBOT and PET IHS (former CMAI).</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Credit
risk</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In order to
minimize the credit risk of its investments, the Company has cash allocation and
investment policies, taking into consideration financial institution credit
limits and ratings, not allowing credit concentration, i.e., the credit risk is
monitored and minimized because the negotiations are carried out only with a
select group of highly qualified counterparties.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">64</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader67"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The definition
of financial institutions authorized to operate as a counterparty for the
Company is described in our Policy, which establishes maximum exposure limits
for each counterparty based on each counterparty&#8217;s risk rating and
capitalization.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
adopts, with the purpose of mitigating credit risk from its counterparties in
significant derivatives operations, bilateral &#8220;triggering&#8221; clauses. According to
these clauses, whenever the fair value of an operation exceeds a percentage of
its notional value (in general between 10% and 15%), the debtor settles the
difference of such limit in favor of the creditor.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Cash
accounting amounts &#8203;&#8203;and cash equivalents, financial investments, accounts
receivable, excluding prepayments, tax assets, and derivative financial
instruments are presented in the Company&#8217;s financial statements net of
recognized impairment provisions and represent the maximum credit risk exposure
as of December 31, 2017. There was no credit risk concentration with any
counterparts as of December 31, 2017.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Liquidity
risk</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
believes that cash flows from operating activities, cash and cash equivalents,
and short-term investments, along with derivative financial instruments and
access to loan facilities are sufficient to fund its capital expenditures,
financial liabilities, and dividend payments in the future.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Risk of
Capital Conversion</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Under items 13
and 14 of this Reference Form, our directors, officers and employees receive
options to purchase shares of the Company or also remuneration in shares of the
Company, subject to the terms and conditions of the Plans approved in
shareholders&#8217; meeting and the programs approved by the Board of Directors of the
Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Consequently,
the Board of Directors of the Company approved transactions of </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">equity swap</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> on May 16,
2017, December 21, 2017 and May 15, 2018, so that the Company or its
subsidiaries receive the price variation related to the shares (or ADRs) issued
by the Company, aiming at offsetting the effect of price changes of such shares
(or ADRs), as any increases of prices would result in a positive gain from
transactions of capital conversion, mitigating the increased cost of purchase of
shares in the market to be delivered to employees and vice versa. As these
derivative instruments are not characterized as hedge accounting they were not
therefore designated to any hedge.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The agreements
approved in May 15, 2018 may result in exposure of up to 80 million common
shares (all or part of which may be through ADRs), with an amount of up to R$1.8
billion and, together with the balance of agreements entered into as approved on
May 16, 2017 and December 21, 2017 and not yet liquidated, may result in
exposure of up to 122,242,125 common shares.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">On December
31, 2017, an exposure equal to R$2.3 billion in our shares (or ADRs) was
partially protected resulting in a profit in the statement of income of R$ 67.0
million.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="PAGE-BREAK-INSIDE: avoid">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: left; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=left><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT></B>&nbsp;</P>
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: left; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=left><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="80%" colSpan=8>
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Schedule of Maturity of Derivatives for Conversion
      as of December 31, 2017</FONT></B></P></DIV></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: left; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 4pt 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm" align=left><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Derivative Instruments</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 4pt 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2018</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 4pt 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2019</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 4pt 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2020</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 4pt 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2021</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 4pt 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">2022</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 4pt 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Thereafter</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 4pt 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Total</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">
      <DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: center; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 4pt 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Valor Justo</FONT></B></P></DIV></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="80%" colSpan=8>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">(</FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">in R$ million, except for unit
      price</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="Times New Roman">)</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Capital Conversion:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt 8.55pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; TEXT-INDENT: -8.55pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">Notional Amount</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">677.0</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">677.0</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 7.2pt; PADDING-RIGHT: 0cm" vAlign=bottom width="10%" align=center>
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="Times New Roman">69.2</FONT></P></TD></TR>
  <TR>
    <TD width="19%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">65</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_68></A>
<a name="_bclPageBorder68"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader68"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ii. Asset
protection strategy (hedge):</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The asset
protection strategy adopted to mitigate each of the risks is described in
section &#8220;i&#8221;, above.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In short,
risks arising from financial transactions are managed by applying the Policy and
the strategies defined by the Company&#8217;s Financial Department, and the financial
transactions must be carried out in accordance with the best possible
alternatives, financially and economically, for the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">iii.
Instruments used for asset protection (hedge).</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The derivative
financial instruments authorized by the risk policy are futures contracts traded
on stock exchanges, deliverable forwards, non-deliverable forwards, swaps and
call options, as indicated in section &#8220;i,&#8221; above.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">iv. Parameters
used to manage market risks</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
use of derivatives strictly follows the provisions set forth under our Policy,
which was approved by the Board of Directors. The aim of the policy is to
provide guidelines for managing financial risks inherent to the capital markets
in which the Company carries its operations out, as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i) The
capital structure, funding, and liquidity may expose the Company to the risk of
financial instability, since external factors, such as changes in market
variables (interest rates and exchange rates), shortage of liquidity
(refinancing risk), and unexpected cash needs may have significant impact on the
Company&#8217;s strategic investments, as well as on the meeting of obligations to
third parties. Thus, the Company actively manages its capital structure, always
seeking to ensure levels of flexibility and financial leverage through the
control of the debt profile and covenants, contingency plans for unexpected cash
needs, and the analysis of solvency under different cash flow
scenarios.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(ii) The
Company&#8217;s margin is directly exposed to market risk factors, such as commodity
prices and exchange rates. These risks impact, mainly, the cost of goods sold.
The Company believes that it is impossible to completely eliminate this
exposure. However, the Company&#8217;s hedging policy allows it to maintain price
stability during the protected period and, therefore, delay the effect of these
possible cost shocks. Thus, it is important to note that, in the long term, the
Company must respond to these shocks through cost management, the use of
substitute raw materials and, possibly, by increasing its products&#8217;
prices.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(iii)
Transactional exposures coming from balance conversions are not hedged. The
Company constantly evaluates the diversification of its cash flows in different
currencies, seeking to identify any type of undesirable
concentration.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(iv) The
definition of financial institutions authorized to operate as counterparties for
the Company is described in our policy. The Policy sets maximum exposure limits
for each counterparty based on each counterparty&#8217;s risk rating and
capitalization. In order to minimize the credit risk with its counterparties in
significant derivative transactions, the Company adopts bilateral &#8220;trigger&#8221;
provisions. According to these provisions, whenever the fair value of a
transaction exceeds a percentage of its notional value (usually 10% to 15%), the
debtor must settle the difference with this limit in favor of the
creditor.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">v. If the
issuer deals in financial instruments for a variety of hedging purposes and what
these objectives are</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
does not make speculative investments in derivatives or other risky financial
assets.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">66</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_69></A>
<a name="_bclPageBorder69"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader69"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">vi.
Organizational structure of risk management control</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
Financial Office is responsible for monitoring market risk management and for
implementing and compliance with the Policy. Assessments of the identified risks
are presented periodically to the Operations, Finance, and Compensation
Committee, as well as to the Company&#8217;s Audit Committee. Thus, they monitor the
corporate risk management and, by exercising their duties, manage the Company&#8217;s
risk and control environment.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c) Adaptation
of the internal control and operational structure in order to verify the
effectiveness of the policy adopted</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
has an integrated risk management control organizational structure, as mentioned
in the previous section, which considers the impact on the business, not only
the market risk, but also operating and strategic risks. The Company believes
that this integrated infrastructure, which encompasses different types of
business ventures, allows it to increase the management&#8217;s ability to assess the
business-associated risks, thus ensuring our policy&#8217;s effectiveness. The Company
believes, therefore, that it has an operational structure and internal controls
that are appropriate for its policy.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">67</FONT></P></DIV>
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<a name="_bclHeader70"></a><DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5.3 - Regarding the controls the issuer adopts to ensure the preparation of reliable financial statements, indicate:</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a) main internal control practices and the level of efficiency of such controls indicating occasional imperfections and measures adopted to correct them</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s management is responsible for establishing and keeping an effective internal control over disclosure of financial information and for assessing the effectiveness of the internal control over disclosure of financial information. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Internal control over disclosure of financial information is defined as a process intended to provide reasonable assurance regarding the reliability of the financial information and the elaboration of the financial statements, according to the generally accepted accounting principles, and includes policies and procedures that (1) refer to the maintenance of records that reflect the operations and sales of assets of the Company in a reasonably detailed, precise and correct manner; (2) provide reasonable assurance that the operations are recorded as required to enable the elaboration of the financial statements according to the generally accepted accounting principles and that the receipts and expenditures of the Company are being made only as authorized by the Company&#8217;s management and Board of Directors, and (3) provide reasonable assurance in relation to prevention or timely detection of unauthorized acquisition, use or sale of assets of the Company that could have an adverse effect on the audited consolidated financial statements. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Although there are inherent limitations to the effectiveness of any disclosure procedure and control systems, including probability of human error and elimination or failure to observe controls and procedures, the Company&#8217;s disclosure controls and procedures any are intended to provide reasonable assurance of attainment of its purposes.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Any weaknesses identified in control implementation during the year are corrected through the application of action plans in order to ensure their proper implementation during the year.</FONT></P>

<P style="MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Based on the criteria set forth under the &#8220;Internal Control Integrated Framework&#8221; issued by the Committee of Sponsoring Organizations of the Treadway Commission - COSO 2013, and, according to this methodology, the Company&#8217;s Chief Executive Officer and Chief Financial Officer concluded that, during the year 2017, the design and operation of controls and procedures for disclosure of the Company&#8217;s information are effective to ensure the information requested and disclosed in the Company&#8217;s reports.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In addition to the plan for remediation described below, during the year 2017, the Company did not make any change to its internal control over disclosure of financial information that has materially affected or may reasonably and substantially affect its internal control over disclosure of financial information. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Plan of Remediation for the Previously Existing Material Deficiencies</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman"> </FONT></I></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">On December 31, 2016, based on the criteria established in the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Estrutura Conceitual Integrada de Controles Internos</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> (Integrated Conceptual Structure of Internal Controls) issued by the Committee of the Organizations, two material deficiencies were identified, as detailed below.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT size=2>&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Complex and Uncommon Transactions:</FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The material deficiency in the internal controls of disclosure of financial information identified by Company&#8217;s management was related to controls of review made by management and other controls on the process of accounting and presentation of complex and uncommon transactions, which were not duly </FONT>

<a name="page_71"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">designed and registered. Our management identified that
our controls did not have enough details or a formal plan specifying the
extension of the procedures to be carried out (i) to guarantee the proper
analysis of all relevant accounting rules and practices, and (ii) to address
fully and accurately the main assumptions and other data used in the analysis of
relevant transactions for the underlying accountings and submissions.
</FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">68</FONT></P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name=page_71></A>
<a name="_bclPageBorder71"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader71"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
management implemented the following changes to remedy such material
weakness:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 13.9pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">improvement in the detailed framework for treatment of
such complex and uncommon transactions; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 13.9pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">formalization of all phases required to be taken in
relation to the analysis of accounting practices applicable to such
transactions; and </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">formalization of other procedures to be adopted upon
revision of the main assumptions and other complex and uncommon data that may
impact the accounting of such transactions. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Review of
conflict of ERP/SAP access</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The material
deficiency identified by the Company management was related to the procedure for
performing the review control of conflicts of accesses to ERP/SAP system
(integrated System responsible for executing several financial routines and
register the accounting transactions). In 2016, the set of rules that identify
the segregations of duties and critical accesses was found not to cover all the
compliance needs to monitor access conflicts in the ERP/SAP system. Also, the
key table logs for identification and traceability of actions performed in the
ERP/SAP system were not active and a more detailed analysis of critical
transactions was not carried out.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
management implemented the following changes to remedy such material
weakness:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">review of the rules for conflicts of segregation of
duties;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">implementation of the new rules in the access conflict
monitoring system; and</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">enabling the log tables of activities performed when used
in critical transactions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">We implemented
such changes for remedy, and successfully tested the related controls.
Therefore, as of December 31, 2017, we concluded that the Material Deficiencies
were remedied.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b)
organizational structures involved</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 14.15pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
Controllership - Internal Controls department, organizationally allocated within
the financial department&#8217;s structure, is responsible for monitoring, managing,
and ensuring the compliance of the Company&#8217;s internal controls.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 14.15pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 14.15pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Control design
and test efficiency assessments are presented regularly to the Chief Executive
Officer, the Chief Financial Officer, the Board of Directors, and to the
Company&#8217;s Audit Committee.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c) form of
supervision of internal control efficiency by the company&#8217;s
management</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The internal
control efficiency evaluation process is divided into 3 stages:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">i)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Planning</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">: The purpose
of this step is the definition of the risk matrix for each account and of the
work scope and implementation schedule. The Company&#8217;s Controllership Manager,
assisted by an Internal Control Expert, is responsible for this process
step.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 54pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">69</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Analysis of the control design defined by management</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">: The purpose of this step is to verify that the control continues being carried out in order to ensure information reliability. The Company&#8217;s Controllership Manager, assisted by an Internal Control Expert, reviews the working papers prepared by the areas responsible for controls.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">iii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Control efficiency test</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">: The purpose of this step is to verify the operating effectiveness of the internal controls at the Company. The Company&#8217;s Controllership Manager, assisted by an Internal Control Expert, reviews the working papers prepared by the areas responsible for controls.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">After the completion of each of the steps described above, the results are presented to the Chief Executive Officer, the Chief Financial Officer, the Board of Directors, and to the Audit Committee including, if applicable, the action plan for any deficiency that may be pointed out during any of these steps.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 1.2pt 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In addition, any exception noted in the activities that may impact the financial statements are reported promptly for the needed corrective actions to be taken, in line with best practices recommended by the Internal Control Integrated Framework, issued by the Committee of Sponsoring Organizations of the Treadway Commission</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(&#8220;COSO&#8221;) - 2013.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">d) deficiencies and recommendations on internal controls set forth in the independent auditor&#8217;s report</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The study and evaluation of the accounting system and of the Company&#8217;s internal controls, conducted by the independent auditors in connection with the audit of the Financial Statements, were intended to determine the nature, timing and extent of the application of the audit procedures, but not for the purpose of expressing an opinion on the effectiveness of the internal controls.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s board has the policy of reporting, at least, significant deficiencies and related recommendations made by the independent auditor regarding the scope of the internal controls, as per section 10.2.5 of OFFICIAL NOTICE/CVM/SEP/No. 02/2018.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Material deficiencies identified</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not applicable, as no material deficiencies</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">was identified in the auditor&#8217;s report sent to management for the year 2017.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT size=2>&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">e) directors&#8217; comments about the shortcomings identified in the independent auditor&#8217;s detailed report and about the corrective measures adopted</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not applicable, as no material deficiency was identified in the auditor&#8217;s report send to management for the year 2017.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">70</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5.4 - In relation to the mechanisms and internal procedures for integrity adopted by the issuer to prevent, detect and remedy any deviations, frauds, irregularities and wrongdoings against the national or foreign public administration, inform:</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">a) If the issuer has rules, policies, procedures or practices aimed at the prevention, identification and remediation of frauds and wrongdoings against the public administration, identifying, if so:</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(i)</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">the main mechanisms and procedures for integrity adopted and their adequacy to the profile and risks identified by the issuer, informing how often the risks are reassessed and the policies, procedures and practices are adopted.</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company has rules, policies, procedures and practices aimed at the prevention, identification and remediation of frauds and wrongdoings against the public administration, which were prepared after assessment of the risks to which the Company is subject. The rules, policies and procedures comprising our Program of Compliance are frequently updated as a result of change of law or applicable regulation, or due to internal analysis of the risks to which the Company is subject. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The main mechanisms and procedures for integrity adopted by the Company are: </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(a)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">disclosure of the rules, policies and procedures comprising our Program of Compliance through periodic training of managers and employees of the Company, as well as campaigns of communication developed and coordinated by Compliance;</FONT></P>

<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">providing an specific channel for employees on the Company's intranet to send inquiries and questions about the Code of Business Conduct ("Code of Conduct" - for more information, see Item 5.1 of this Reference Form) and other aspects of the Program of Compliance (Compliance Channel of Compliance), being such questions answered by a specialized team;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(c)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">provision of an Ombudsman channel for employees, suppliers, clients and consumers to report violations to the Code of Conduct and other policies of the Company;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(d)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">previous analysis by Compliance of suppliers and service providers that will or may contact the Public Administration on behalf of the Company, such as lawyers, consultants and documentary agents; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(e)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">analysis and previous validation by Compliance Department of any contracts with governmental entities or public agencies; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#212121 face=inherit>(f)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#212121 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#212121 face=inherit>&nbsp;&nbsp;&nbsp;prohibition of any donation of goods to public official or public agency employees without prior authorization by the Compliance Department;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(g)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">inclusion of an anti-corruption clause in all agreements and execution, by all suppliers and service providers, of an agreement of general terms, by means of which they agree not to perform any act that may violate the Brazilian and international anti-corruption legislation (in particular the FCPA); and </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(h)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">due diligence and prior compliance in corporate transactions aimed at the detention of risks of fraud and corruption involving the target company and its partners (for more details, see item (c) below). </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman"></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">71</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(ii)</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">the organizational structures involved to monitor the operation and efficiency of the </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">mechanisms and internal procedures for integrity, stating their duties, in case their creation was formally approved, the departments of the issuer to which they report, and the mechanisms to ensure the independence of its managers, if any.</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 92.7pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Under the Code of Conduct approved by the Board of Directors of the Company, the management of the Program of Compliance of the Company is incumbent to the Ethics Committee, which is a not statutory deliberative body formed by (i) the Chief Executive Officer (CEO), (ii) Chief Financial and Relations with Investors Officer, (iii) Chief People and Management Officer, (iv) General Counsel and Chief Corporate Relations Officer, in addition to (v) Chief Compliance Officer, as the secretary of the Committee. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Ethics Committee shall meet at least four times during the year to resolve on matters related to the Code of Conduct and Compliance, being able to meet at any time for resolution of emergency matters. The Ethics Committee shall also resolve on and to take to the knowledge of the Board of Directors the most important matters discussed related thereto.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company also has an exclusively dedicated Compliance Department, in charge of the implementation and management of the Program of Compliance. The Compliance Department of the Company reports directly to the General Counsel and Chief Corporate Relations Officer. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Finally, the General Counsel and Chief Corporate Relations Officer of the Company periodically reports to the board of directors and the fiscal council the status and operation of the Program of Compliance, as well as any material matters related to integrity, subject to the authorities of each body. </FONT></P>

<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt; TEXT-INDENT: -36pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(iii)</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">in case the issuer has a formally approved code of ethics or conduct:</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 54pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Code of Conduct of the Company was approved in its last version on May 16, 2017 by the Board of Directors. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Code of Conduct of the Company applies to all directors, officers and employees of the Company and its subsidiary in Brazil and abroad, as well as service providers acting on behalf of the Company. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The full the Code of Conduct may be found in the website of the Company in the following electronic address: </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=windowtext face="times new roman">www.ambev.com.br</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">in &#8220;Sobre a Ambev&#8221;, &#8220;&#201;tica&#8221;, &#8220;C&#243;digo de Conduta</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>&#8221;.</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Moreover, the Code of Conduct also is available in the webpage of Relations with Investors of the Company at </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=windowtext face="times new roman">ri.ambev.com.br</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, in &#8220;Governan&#231;a Corporativa&#8221;, &#8220;Pol&#237;ticas e C&#243;digos&#8221;, &#8220;C&#243;digo de Conduta&#8221;.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">All the leadership employees and members of the Board of Directors have to attend annual online training on the Code of Conduct and the Program of Compliance of the Company. The mandatory annual training includes also a statement by such employees acknowledging to be aware of and fully accept the Code of Conduct. Every year some areas are selected, based on the scope of the job and risks related thereto, for live and target training, given by the Compliance Department, addressing other rules of the Program of Compliance and Anti-corruption of the Company. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Finally, under the Code of Conduct, any employee who violates such Code or any another policy of the Company shall be subject to disciplinary measures, including termination. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">72</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">b) In case the issue has a report channel:</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company makes the Ombudsman channel available 24 hours per day, seven days per week, by means of which it is possible to report acts of corruption, fraud, bribe or illicit aiding, violation of internal controls and systems, events of theft or robbery, or any other violation to the Code of Conduct, anti-corruption laws and other applicable legislation. The channel is also open for receiving reports made by third parties. Clients, suppliers or consumers also may make reports to: (i) website </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">www.ouvidoriaambev.com.br</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">; or (ii) phone 0800 795 0011. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">All reports that may be made on a confidential or anonymous basis are received by a system operated by a third party company, which shall forward them in full to the Compliance Department, thus ensuring the required confidentiality and the anonymity (the whistleblower shall only be identified if they want to do so).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In addition to the anonymity ensured by the Ombudsman as provided for in its Code of Conduct, the Company forbids and it does not tolerate any retaliation or threat of action for retaliation against any person who report a possible violation to the law, regulation or policy of the Company. In the same manner, any employee who discourages or hinders another person from reporting or asking for aid or assistance needed to report the problem will be subject to disciplinary measures. Retaliation is an act of violation and also must be reported to the Ombudsman Channel of the Company.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Compliance Department is responsible for managing the Ombudsman Channel, as well as for conducting and following-up the progress of each case. Given the capillarity of the business units of the Company, some reports are verified, under the supervision of the Compliance Department, (I) by the regional Human Resource and Management teams, when they related the work environment; e (I) by a third party Risk Manager, when they are related to fraud in sales and theft/robberies. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">After the verification, the justified reports are submitted for resolution by the Ethics Committee (serious cases) or, by delegation, the Compliance Department itself, and specialists of the Legal and Human Resource and Management Department. The proper department shall resolve on the application of appropriate sanctions and on the correction of flow of the activities, if required. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">c) In case the issuer adopts procedures in merger, acquisition and corporate reorganizations transactions aiming at the identification of weakness and risk of unlawful acts within legal entities involved.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 2cm"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In addition to the traditional audit made before any merger, acquisition or corporate reorganization transactions, the Company carries a prior and throughout analysis aiming at identifying events and risks of ethical violation or corruption within the target company and its partners, as well as identifying whether the target company has a program for integrity or adopts any another form of internal control. For such purpose, the Company has a specific protocol with the purpose of identifying (I) possible events of corruption or anti-ethical behavior conducted by the target company and its partners, (ii) other risks related thereto, (iii) the existence and effectiveness of internal controls and measures for integrity adopted by the company, and (iv) the plan of action to be followed for integration of such companies to the rules of compliance of the Company after the acquisition.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Such due diligence is carried out by Compliance Department of the Company together with the Legal and M&amp;A teams of the Company, always assisted by a specialized law firm. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">d) In case the issuer has no rules, policies, procedures or practices aimed at the prevention, identification and remediation of frauds and wrongdoings against the public administration, identify the reasons why the issuer has failed to adopt controls for such purpose.</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Not applicable, since the Company adopts measures for such purpose, as provided for in the item above mentioned.</FONT></P>

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<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">73</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5.5 - Report whether, with regard to the last fiscal year, there were significant changes in the main risks to which the issuer is exposed or in the risk management policy adopted, also remarking on any expectations with regard to the reduction or increase in the issuer&#8217;s exposure to such risks</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable, since no material changes occurred in the main risks to which the Company is exposed, or in the risk management policy adopted by it. Any expectations concerning the reduction or increase in the Company&#8217;s exposure to the main risks to which it is exposed are already indicated in the risks described in this Reference Form.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">5.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other material
information</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable, since all material information was provided in the other sections.
</FONT></P>
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<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">75</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">6.1 / 6.2 /
6.4 &#8211; Incorporation of the issuer, term of duration and date of registration
with the CVM</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
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  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman">Date
      Issuer Incorporated </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman">7/8/2005</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman">Issuer
      Form of Incorporation</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman">Publicly-held corporation</FONT></P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman">Country
      of Incorporation</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman">Brazil</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman">Duration
      Period</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman">Indefinite</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman">Date of
      Registration with the CVM</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="50%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman">10/30/2013</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">76</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_79></A>
<a name="_bclPageBorder79"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader79"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">6.3 - Brief
history of the issuer</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
was incorporated as Gimba Suprimentos de Escrit&#243;rio S.A. on July 8, 2005. On
October 26, 2005, the Company was acquired by Interbrew International B.V.,
turned into a joint-stock corporation, had its name changed to InBev
Participa&#231;&#245;es Societ&#225;rias Ltda. and its corporate purpose became holding direct
and indirect stakes in any company. On April 22, 2009, the Company was turned
into a public-held corporation, under the InBev Participa&#231;&#245;es Societ&#225;rias S.A.
denomination, and its corporate purpose was maintained as holding direct and
indirect stakes in any company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Between
November 2005 and January 2006, the Company acquired 296,900,000 preferred
shares issued by Companhia de Bebidas das Am&#233;ricas - Ambev on the stock
exchange. Additionally, on July 3, 2009, the Company subscribed 9,874 preferred
shares of Companhia de Bebidas das Am&#233;ricas - Ambev.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In August 2007
and in December 2010, the capital of Companhia de Bebidas das Am&#233;ricas - Ambev
was grouped and split, respectively, which resulted in the Company&#8217;s holding, in
Companhia de Bebidas das Am&#233;ricas - Ambev, of 14,894,370 preferred shares,
representing 0.476% of the total capital of Companhia de Bebidas das Am&#233;ricas -
Ambev until June 17, 2013.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">On March 1,
2013, the Company had its name changed to Ambev S.A. and its corporate purpose
was changed, as follows, whether directly or through stakes in other companies:
(a) the production and trading of beer, concentrates, soft drinks, and other
drinks and food in general, including liquid blends ready for consumption,
flavored liquid preparations, powder or stick guaran&#225;; (b) the production and
trade of raw materials required to manufacture beverages and their byproducts,
such as malt, barley, ice, carbon dioxide, as well as devices, machinery,
equipment and everything else that is necessary or helpful to the activities
listed in letter &#8220;a&#8221; above, including the production and sale of packaging for
drinks and the production, trade, and industrial exploitation of the raw
materials necessary for the production of packaging; (c) the production,
certification, and trade of seeds and grain, as well as the trading of
fertilizers, fungicides, and other related activities, as necessary or useful
for the development of the Company&#8217;s main activities, as provided for in its
bylaws; (d) the preparation and packaging of any of its own products or
third-party products; (e) farming and agricultural development activities, in
the field of cereals and fruits that are the raw materials for use in the
Company&#8217;s industrial activities, as well as in other sectors that require a more
dynamic approach in the exploitation of the Brazilian soil, particularly in the
food and health areas; (f) operations in the areas of research, prospecting,
extraction, processing, manufacturing, marketing, and distribution of spring
water, throughout the Brazilian territory; (g) the processing, purging, and
other phytosanitary services, and the manufacturing of products resulting from
the activities listed in section &#8220;d&#8221; above, either for meeting the purposes of
its industry or for trading, including of its byproducts, including, for
example, byproducts for animal feed; (h) the advertising of its own products and
products of third parties, and the trading of promotional and advertising
materials; (i) the provision of technical assistance, market, and administrative
services and others related directly or indirectly to the Company&#8217;s core
activities; (j) the importation of anything necessary for its industry and
trade; (k) the exports of its products; (l) the exploitation, directly or
indirectly, of bars, restaurants, coffee shops and the like; and (m) the
procurement, sale and/or distribution of its products and those of its
subsidiaries, directly or through third parties, using the transport necessary
for the distribution of such products, byproducts or accessories, and the
adoption of any system or guidance which, at the discretion of the board of
directors, leads to the envisaged purpose; and (n) the printing and reproduction
of recorded media, including print activity, prepress services and graphic
finishing and the reproduction of materials recorded in any medium. In addition,
the Company may hold stakes in other companies, both commercial and civil, as a
partner or shareholder, in Brazil or abroad, or join them.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Ever since its
establishment, the Company had only held stakes in Companhia de Bebidas das
Am&#233;ricas - Ambev in its investment portfolio, not being the holder of any other
equity interest.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">77</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_80></A>
<a name="_bclPageBorder80"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader80"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">On December 7,
2012, Companhia de Bebidas das Am&#233;ricas - Ambev announced its intention to
propose to its shareholders a corporate restructuring aimed at migrating its
current ownership structure, with two classes of shares (ordinary and
preferred), to one with a single type of common shares, at simplifying the
corporate structure, and at improving the governance of Bebidas das Am&#233;ricas -
Ambev in order to increase share liquidity and the flexibility of the management
of its capital structure.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The proposal
submitted to shareholders of Companhia de Bebidas das Am&#233;ricas - Ambev, by means
of a Material Fact published on May 10, 2013, foresaw that the restructuring
would be accomplished through the merger, by the Company, of all of the shares
issued by Companhia de Bebidas das Am&#233;ricas - Ambev which were not owned by the
surviving company, under the terms of the Brazilian Corporate Law
(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Merger of Shares</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#8221;) in which
all of the shares issued and outstanding of Companhia de Bebidas das Am&#233;ricas -
Ambev, including shares in the form of American Depositary Receipts
(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ADRs</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#8221;), except
shares and ADRs of Companhia de Bebidas das Am&#233;ricas - Ambev held by the
Company, should be exchanged for common shares and ADRs issued by the Company.
By virtue of the Merger of Shares, each share issued by Companhia de Bebidas das
Am&#233;ricas - Ambev, whether common or preferred, or ADR representative of a share,
common or preferred, of Companhia de Bebidas das Am&#233;ricas - Ambev, would make
its holder entitled to receive five common shares issued by the Company or five
ADRs of the Company, as appropriate.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">On May 10,
2013, the board of directors and the audit committee of Companhia de Bebidas das
Am&#233;ricas - Ambev held meetings, and there was a meeting of the Company&#8217;s board
of directors, in which these bodies approved the Merger of Shares proposal,
pursuant to the terms of the Merger of Shares Protocol and Justification issued
by Companhia de Bebidas das Am&#233;ricas - Ambev by Ambev S.A.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">As a
preliminary step to the Merger of Shares, on June 17, 2013, the contribution to
the capital of the Company of all of the shares issued by Companhia de Bebidas
das Am&#233;ricas - Anheuser-Busch owned by Ambev InBev NV/S.A., held through of
Interbrew International B.V. and AmBrew S.&#224;.r.l (formerly AmBrew S.A.) was made.
As a result, the Company became the holder of 1,301,670,110 common shares and
637,049,453 preferred shares issued by Companhia de Bebidas das Am&#233;ricas -
Ambev, thus becoming its controlling shareholder. The contribution had no effect
for the purposes of the proposed replacement ratio in the Merger of Shares or
for the dilution of Companhia de Bebidas das Am&#233;ricas - Ambev
shareholders.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">On July 30,
2013, the extraordinary general meetings of Companhia de Bebidas das Am&#233;ricas -
Ambev and of the Company were held, which approved, among other issues, the
Protocol and Justification of the Merger of Shares issued by Companhia de
Bebidas das Am&#233;ricas - Ambev by Ambev S.A., the valuation report of the shares
and the Merger of Shares, as well as the increase in the Company&#8217;s capital
subscribed by the management of Companhia de Bebidas das Am&#233;ricas - Ambev and
fully paid through the transfer of all shares of Companhia de Bebidas das
Am&#233;ricas - Ambev, excluding those held by the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">As a result of
the Merger of Shares, Companhia de Bebidas das Am&#233;ricas - Ambev became a
wholly-owned subsidiary of the Company and the former shareholders of Companhia
de Bebidas das Am&#233;ricas - Ambev became holders of the same proportion of shares
in the Company that they had previously held in Companhia de Bebidas das
Am&#233;ricas - Ambev.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">On October 30,
2013, the Brazilian Securities Commission (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CVM</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#8221;) granted the
Company&#8217;s registration as a category &#8220;A&#8221; securities issuer, pursuant to CVM
Instruction 480, of December 7, 2009, as amended. The Company&#8217;s shares and ADRs
were admitted for trading, respectively, on the Bolsa de Valores, Mercadorias e
Futuros &#8211; BM&amp;FBOVESPA S.A. (currently known as B3 S.A. &#8211; Brasil, Bolsa,
Balc&#227;o) Exchange and on the New York Stock Exchange, on November 11,
2013.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Through a
material fact published on December 3, 2013, the proposed mergers into the
Company, of Companhia de Bebidas das Am&#233;ricas - Ambev, and of Ambev Brasil
Bebidas S.A. was disclosed. The </FONT><a name="page_81"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">mergers aimed at simplifying the group&#8217;s corporate
structure and at reducing operating costs, so that the Company would continue to
engage in the production and trade of beer, concentrates, soft drinks and other
beverages, directly, and no longer only through its wholly-owned subsidiaries,
as applicable.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">78</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_81></A>
<a name="_bclPageBorder81"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader81"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">On January 2,
2014, the Extraordinary General Meetings of the Company, of Companhia de Bebidas
das Am&#233;ricas - Ambev and of Ambev Brasil Bebidas S.A. were held, through which
the above-mentioned mergers were approved. As a result of the mergers, the
Company received, for their respective book values, all of the assets, rights,
and obligations of Companhia de Bebidas das Am&#233;ricas - Ambev, and of Ambev
Brasil Bebidas S.A., which were extinguished, had their shares canceled, and
were then succeeded by the Company, under the law.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The merger of Companhia de Bebidas das Am&#233;ricas - Ambev
was completed without an increase or decrease in the Company&#8217;s equity or
capital, since Companhia de Bebidas das Am&#233;ricas - Ambev was a wholly-owned
subsidiary of the Company. The merger of Ambev Brasil Bebidas S.A., in turn,
resulted in an increase in the Company&#8217;s capital in an amount equivalent to the
portion of the equity of Ambev Brasil Bebidas S.A. corresponding to the
investment of the minority shareholders of Ambev Brazil, i.e., R$156,566.05,
with the Company&#8217;s capital going on to be R$57,000,946,244.65, considering the
capital increases approved and homologated by the Board of Directors at meetings
held on October 17, 2013 and December 19, 2013, pursuant to Article 8 of the
Company&#8217;s bylaws and Article 168 of act 6404/76, due to the exercise of share
purchase options by the beneficiaries of the Company&#8217;s Stock Option
Plan.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">79</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_82></A>
<a name="_bclPageBorder82"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader82"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">6.5 -
Information of filing for bankruptcy on the basis of material amount or judicial
or extrajudicial reorganization.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">There is no
filing for bankruptcy, request for judicial or extrajudicial reorganization in
relation to the Company.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">80</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_83></A>
<a name="_bclPageBorder83"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader83"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">6.6- Other
material information</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">There is no
other material information on the issue that has not been disclosed in this
section.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">81</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_84></A>
<a name="_bclPageBorder84"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader84"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">7.1
Description of the activities of the issuer and its subsidiaries</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
corporate purpose, whether directly or through interest in other companies,
is:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the production and trading
of beer, concentrates, soft drinks and other drinks, as well as food in general,
including liquid blends ready for consumption, flavored liquid preparations,
powder or stick guaran&#225;;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the production and trade
of raw materials required for the manufacturing of beverages and byproducts,
such as malt, barley, ice, carbon dioxide, as well as devices, machinery,
equipment and everything else that is necessary or useful for the activities
under letter &#8220;a,&#8221; above, including the production and sale of packaging for
drinks and the production, trade, and industrial exploitation of the raw
materials necessary for the production of such packaging;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the production,
certification, and trade of seeds and grain, as well as the trade of
fertilizers, fungicides, and other related activities, as necessary or useful
for the development of the Company&#8217;s main activities, as provided for in its
bylaws;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">d)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the packaging of any of
its own product or products of third parties;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">e)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; farming and agricultural
development activities, in the field of cereals and fruits that are the raw
materials for use in the Company&#8217;s industrial activities, as well as in other
sectors that require a more dynamic approach in the exploitation of the
Brazilian soil, particularly in the food and health areas;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">f)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; operations in the
areas of research, prospecting, extraction, processing, manufacturing,
marketing, and distribution of spring water, throughout the Brazilian
territory;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">g)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the processing, purging,
and other phytosanitary services, and the manufacturing of products resulting
from the activities listed in letter &#8220;d,&#8221; above, either for meeting the purposes
of its industry or for trading, including of its byproducts, including, for
example, byproducts for animal feed;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">the
advertising of its own products and products of third parties, and the trading
of promotional and advertising materials;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">the
advertising of its own products and products of third parties, and the trading
of promotional and advertising materials;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">j)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the import of
anything necessary for its industry and trade;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">k)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; the export of its
products;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">l)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the operation,
directly or indirectly, of bars, restaurants, coffee shops and the
like;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">m)&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">the
procurement, sale and/or distribution of its products and those of its
subsidiaries, directly or through third parties, using the transport necessary
for the distribution of such products, byproducts or accessories, and the
adoption of any system or guidance which, at the discretion of the board of
directors, leads to the envisaged purpose; and</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -21.3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">the
printing and reproduction of recorded media, including print activity, prepress
services and graphic finishing and the reproduction of materials recorded in any
medium.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">82</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_85></A>
<a name="_bclPageBorder85"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader85"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In addition,
the Company may hold stakes in other companies, both commercial and civil, as a
partner or shareholder, in Brazil or abroad, or become their
affiliate.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
current corporate purpose was adopted on March 1, 2013 and updated on January 2,
2014, through a resolution at the general meeting which approved the amendment
of its bylaws. Prior to this amendment, the Company&#8217;s corporate purpose had been
to hold stakes, directly or indirectly, in companies of any nature, as a partner
or shareholder. Although the Company&#8217;s corporate purpose has been amended to
provide for the undertaking, among other things, of activities related to the
production and marketing of beverages, the Company operated as a holding until
January 2, 2014, the date on which the Company approved the merger of Companhia
de Bebidas das Am&#233;ricas - Ambev.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">From said
merger and, considering the extinction of Companhia de Bebidas das Am&#233;ricas -
Ambev, the Company succeeded Companhia de Bebidas das Am&#233;ricas - Ambev in all
its rights and obligations and went on to undertake the activities described in
this section directly.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
and its subsidiaries undertake, mainly, beer, draft beer, soft drink and other
non-alcoholic beverage production, marketing, and distribution activities.
Together with its subsidiaries, the Company is the largest brewer in Latin
America in terms of sales volume and one of the world&#8217;s largest brewers,
according to Company estimates.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
and its subsidiaries have a large geographic diversification, with operations,
on the date of this Reference Form, in 18 countries in the Am&#233;ricas, and,
according to Company analyses, it is a market leader in Brazil, Argentina,
Canada, Paraguay, Uruguay, Bolivia, the Dominican Republic, Barbados and Panama,
and owns two brands of beer that are among the 10 most consumed in the world:
Skol and Brahma.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
conducts its operations through three business units, as described
below:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Latin America North</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, which
includes (i) operations in Brazil, where two divisions operate: (a) beer trade
(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Cerveja Brasil</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#8221;) and (b) the
trade of soft drinks and non-alcoholic and non-carbonated beverages (&#8220;NAB
Brasil&#8221;,&nbsp; which in the past we designated as &#8216;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">RefrigeNanc
Brasil&#8217;</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">); and (ii) operations in Central America and the
Caribbean, or CAC, which currently include our operations in the Dominican
Republic, Saint Vincent, Antigua, Dominica, Cuba, Guatemala (which also supplies
El Salvador, Honduras and Nicaragua), Barbados and, since 2017,
Panama.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Latin America South</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, which
includes our operations in Argentina, Bolivia, Paraguay, Uruguay, Chile and, by
December 31, 2016, Colombia, Peru, and Ecuador.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Canada</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, represented
by the operations of Labatt Brewing Company Limited, which includes the
production and trade of beer in Canada, a portfolio of brands of mixed drinks
and ciders, and a few exports to the North American market.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 74pt 0pt 69.95pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">83</FONT></P></DIV>
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<a name="_bclHeader86"></a><DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The following map illustrates the main locations where the Company&#8217;s business units operate:</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center>
<IMG id=Picture1 border=0 src="x18052923241100.jpg" width=304 height=381>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">7.2 - Information on operating segments</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 5pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a) goods and services sold by the Company</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the last three fiscal years, the Company&#8217;s revenues and those of the now extinct Companhia de Bebidas das Am&#233;ricas - Ambev were the outcome mainly of operations involving the production and marketing of beer, soft drinks and other non-carbonated drinks, malt, and byproducts.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b) income from the segment and its share in the Company&#8217;s net income</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The tables below feature a few highlights of the financial information per business segment for the years ended as of December 31, 2017, 2016 and 2015:</FONT></P>

<DIV align=left>

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<TR style="HEIGHT: 14.6pt">

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">&nbsp;</TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">&nbsp;</TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="32%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net revenue from sales</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">&nbsp;</TD>

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<TR style="HEIGHT: 8.5pt">

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Years ended December 31</FONT></B></P></TD></TR>

<TR style="HEIGHT: 8.5pt">

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">&nbsp;</TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">%</FONT></B></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">%</FONT></B></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">%</FONT></B></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">%</FONT></B></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">&nbsp;</TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 8.05pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 8.5pt">

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">&nbsp;</TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2017</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Contrib</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Variation</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2016</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Contrib</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Variation</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2015</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Contrib</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="84%" colSpan=8>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">In millions of Reais, except percentages</FONT></I></P></TD></TR>

<TR style="HEIGHT: 14.6pt">

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Latin America North</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">31,086.0</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">64.9%</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">7.5%</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">28,927.8</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">63.4%</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">-2.5%</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">29,654.9</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">63.5%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.6pt">

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Brazil</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">26,353.0</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">55.0%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">5.6%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">24,954.6</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">54.8%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">-5.2%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">26,326.1</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">56.4%</FONT></P></TD></TR>

<TR style="HEIGHT: 14.6pt">

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cerveja Brasil</FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">22,509.3</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">47.0%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">6.3%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">21,173.1</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">46.5%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">-5.7%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">22,441.3</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">48.1%</FONT></P></TD></TR>

<TR style="HEIGHT: 14.6pt">

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">NAB Brasil<SUP>(1)</SUP></FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,843.7</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8.0%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">1.6%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">3,781.5</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">8.3%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">-2.7%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">3,884.8</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8.3%</FONT></P></TD></TR>

<TR style="HEIGHT: 14.6pt">

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CAC<SUP>(2)</SUP></FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,733.0</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9.9%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">19.1%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">3,973.2</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">8.7%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">19.4%</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">3,328.8</FONT></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7.1%</FONT></P></TD></TR>

<TR style="HEIGHT: 14.6pt">

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Latin America South</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10,769.7</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">22.5%</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">5.5%</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">10,212.9</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">22.4%</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">-9.3%</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">11,255.6</FONT></B></P></TD>

   <TD style="HEIGHT: 14.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">24.1%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 15.35pt">

   <TD style="HEIGHT: 15.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Canada</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,043.5</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12.6%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">-6.5%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">6,461.9</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">14.2%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">11.2%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">5,809.7</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12.4%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 15.35pt">

   <TD style="HEIGHT: 15.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Ambev Consolidated</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">47,899.3</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100.0%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">5.0%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">45,602.6</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt 0pt; TEXT-INDENT: 3.85pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">100.0%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">-2.4%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">46,720.2</FONT></B></P></TD>

   <TD style="HEIGHT: 15.35pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100.0%</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 8.05pt" face="times new roman">(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 8.05pt" face="times new roman">&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 8.05pt" face="times new roman">Carbonated soft drinks and non-alcoholic and non-carbonated beverages.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 8.05pt" face="times new roman">(2)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 8.05pt" face="times new roman">&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 8.05pt" face="times new roman">Beer and soft drink operation in Central America and the Caribbean (&#8220;CAC&#8221;), which in the past we designated as &#8220;HILA-Ex.&#8221;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">84</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c) Profit or loss resulting from the sector and its share in the issuer&#8217;s net income</FONT></B></P></DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 15.2pt">

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="56%" colSpan=5>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Net income</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">&nbsp;</TD></TR>

<TR style="HEIGHT: 8.5pt">

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="99%" colSpan=10>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Years ended December 31</FONT></B></P></TD></TR>

<TR style="HEIGHT: 8.5pt">

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">&nbsp;</TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">%</FONT></B></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">%</FONT></B></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">&nbsp;</TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">&nbsp;</TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">%</FONT></B></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">&nbsp;</TD></TR>

<TR style="HEIGHT: 8.5pt">

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2017</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Contrib</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Margin</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2016</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Contrib</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Margin</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2015</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Contrib</FONT></B></P></TD>

   <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Margin</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="84%" colSpan=9>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">In millions of Reais, except percentages</FONT></I></P></TD></TR>

<TR style="HEIGHT: 15.2pt">

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Latin America North</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,454.5</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">56.7%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">14.3%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,800.3</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">67.3%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">30.4%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,032.1</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">70.1%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">30.5%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 15.2pt">

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Brazil</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,436.4</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">43.8%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13.0%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,976.9</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">61.0%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">32.0%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,407.3</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">65.3%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">31.9%</FONT></P></TD></TR>

<TR style="HEIGHT: 15.2pt">

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cerveja Brasil</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,406.6</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">30.7%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10.7%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,429.2</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">49.1%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">30.4%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,683.8</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">51.9%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">29.8%</FONT></P></TD></TR>

<TR style="HEIGHT: 15.2pt">

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">NAB Brasil<SUP>(1)</SUP></FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,029.8</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13.1%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">26.8%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,547.7</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11.8%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">40.9%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,723.5</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13.4%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">44.4%</FONT></P></TD></TR>

<TR style="HEIGHT: 15.2pt">

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CAC<SUP>(2)</SUP></FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,018.1</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13.0%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">21.5%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">823.4</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6.3%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">20.7%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">624.8</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4.9%</FONT></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18.8%</FONT></P></TD></TR>

<TR style="HEIGHT: 15.2pt">

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Latin America South</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,309.7</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">29.4%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">21.4%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,496.6</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">19.1%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">24.4%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,176.2</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">16.9%</FONT></B></P></TD>

   <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">19.3%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 16pt">

   <TD style="HEIGHT: 16pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Canada</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,086.3</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13.8%</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18.0%</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,786.5</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13.7%</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">27.6%</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,670.8</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13.0%</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">28.8%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 16pt">

   <TD style="HEIGHT: 16pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Ambev Consolidated</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,850.5</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100.0%</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">16.4%</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13,083.4</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100.0%</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">28.7%</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12,879.2</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100.0%</FONT></B></P></TD>

   <TD style="HEIGHT: 16pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">27.6%</FONT></B></P></TD></TR>

<TR>

   <TD width="15%">&nbsp;</TD>

   <TD width="9%">&nbsp;</TD>

   <TD width="13%">&nbsp;</TD>

   <TD width="8%">&nbsp;</TD>

   <TD width="11%">&nbsp;</TD>

   <TD width="8%">&nbsp;</TD>

   <TD width="8%">&nbsp;</TD>

   <TD width="11%">&nbsp;</TD>

   <TD width="8%">&nbsp;</TD>

   <TD width="8%">&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt 21.25pt; TEXT-INDENT: -21.25pt"><FONT lang=EN-US style="FONT-SIZE: 5pt; LINE-HEIGHT: 8.05pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 8.05pt" face="times new roman">(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 8.05pt" face="times new roman">&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 8.05pt" face="times new roman">Carbonated soft drinks and non-alcoholic and non-carbonated beverages.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 8.05pt" face="times new roman">(2)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 8.05pt" face="times new roman">&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 8.05pt" face="times new roman">Beer and soft drink operation in Central America and the Caribbean (&#8220;CAC&#8221;) </FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">85</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name=page_88></A>
<a name="_bclPageBorder88"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader88"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">7.3 -
Information on products and services related to operating
segments</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Below is the
information on the products and services related to the Company&#8217;s operating
segments.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a)
characteristics of the production process</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Beer</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The basic manufacturing process for most beers is linear,
involving, however, significant knowledge in quality and cost control. The most
important stages are mash and fermentation, followed by aging, filtering, and
packaging. Although the malted barley (malt) is the main ingredient, other
grains, such as unmalted barley, maize, rice or wheat are sometimes added to
produce different beer flavors. The proportion and choice of other raw materials
vary according to regional taste preferences and to the type of beer.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The first step in the mashing process is the production
of the mash, blending the malt with hot water and gradually heating it to about
75&#176;C in mixing tanks to dissolve the starch and transform it into a mixture
called &#8220;mash,&#8221; comprising maltose and other sugars. The grains used are filtered
and the liquid, now called &#8220;</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">wort</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">,&#8221; is boiled. At this point, hops are added, giving the
beer its special bitter taste and flavor and helping to preserve it. The
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">wort</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> is boiled for one to two hours to sterilize and
concentrate it and to extract the flavor from the hops. The product is then
cooled using a heat exchanger. The hopped </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">wort</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> is saturated with air and oxygen, essential for the
creation of yeast at the next stage.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yeast is a microorganism that consumes the sugars
contained in the mash, generating alcohol and CO2. This fermentation process
takes 5 to 11 days to be completed, after which the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">wort</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> is finally transformed into beer. Different types of
beer are produced using different yeast filtering processes and </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">wort</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> compositions. In some varieties of yeast, the cells
reach the top at the end of the fermentation process. Alcoholic beverages and
wheat beers are made this way. </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Pilsen </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">beers are produced using yeast cells that settle to the
bottom.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">During the
maturation process, the liquid is cleared by the precipitation of yeast and
other particles. Additional filtering clears beer further. Maturation varies
according to the type of beer and may take up to three weeks to be completed.
After this period, the beer is ready for bottling in kegs, cans, or
bottles.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Soft
drinks</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Soft drinks
are made by mixing water, flavored concentrate, and sugar or sweetener. Water is
processed to eliminate the mineral salts and filtered to remove impurities.
Purified water is combined with processed sugar or, in the case of
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">diet</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> soft drinks,
artificial and concentrated sweeteners. Carbon dioxide gas is injected into the
mixture to produce carbonation. Immediately after carbonation, the mixture is
bottled. In addition to these inputs, distributing the product to consumers
requires packaging such as PET or glass bottles, aluminum cans, labels, and
plastic or metal caps. The technology used in the soft drink manufacturing
process is common to the market, with no need to own unique equipment or
proprietary technologies to carry it out.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Non-Alcoholic
and Non-Carbonated Beverages</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
non-alcoholic and non-carbonated beverage production process begins with the
dissolution of the sugar at the amounts described in the preparation
formulation, and of simple syrup in fresh, dechlorinated water in stainless
steel tanks, with homogenization. The syrup is heated and transferred, via
piping, to the plate filter and then cooled by a plate exchanger. Bottling
begins with the dissolution, in the product preparation tank, of the citric acid
and mineral salts previously dissolved in dechlorinated water. </FONT><a name="page_89"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Flavoring is then added at the amount provided for in the
formulation. All of these steps take place under homogenization. To ensure the
product&#8217;s microbiological preservation, it is subjected to </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">flash</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
pasteurization and packaged aseptically to, then, be labeled and boxed. The
Company currently uses specific indicators to measure productivity and
efficiency, such as: extract loss; carbon dioxide balance; water consumption;
infusorial earth consumption, and heat energy consumption. The technology used
in the non-alcoholic and non-carbonated beverage manufacturing process is common
to the market, with no need for unique equipment or proprietary technologies to
carry it out.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">86</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_89></A>
<a name="_bclPageBorder89"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader89"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Installed
capacity</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">For
illustrative purposes, we report that in 2017, the Company&#8217;s total beer and soft
drink production capacity was 276.5 million hectoliters per year. In 2017, the
Company&#8217;s beer and soft drink production totaled 158.2 million
hectoliters.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Maintenance</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
equipment maintenance process is carried out at least annually, always in a
reverse cycle to production peaks.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Risks inherent
to the process</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The risks
inherent to the process that may lead to activity shutdowns, such as fire,
explosions, labor strikes, among others, exist, but the impacts of such
occurrences are minimized in the Company&#8217;s operations, given that if there is an
unexpected shutdown of a plant, we can transfer production to another plant with
no loss to supply in most cases. However, in the period of the greatest use of
the capacity due to business seasonality, the Company may experience some loss
due to the loss of part of the sales volume, but this will have no significant
impact on its results. In addition, all of the Company&#8217;s plants hire insurance
for the event of accidents.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Productivity
indicators</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">There are
several productivity, efficiency and quality indicators in the beverage
industry, such as water consumption, energy, extract use, among others. The
Company establishes internal goals that approach the results of such indicators.
Water consumption per hectoliter of beverage, for example, was reduced by 3%
compared to 2016. Regarding the factory productivity efficiency, there was a
3.05 percent increase compared to the previous year. The improvement in the
performance indicators in 2017 was mainly due to the use of new technologies,
together with the Company&#8217;s management system, standardizing learning and
replicating good practices.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b)
characteristics of the distribution process</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Latin America North</FONT></I></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Beer
distribution in Brazil</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Distribution
is an important feature in this market, since the retail channel is fragmented
into nearly a million points of sale. The Company&#8217;s distribution is structured
in two separate ways, namely: (i) network of exclusive third-party distributors,
involving around 148 operations; and (ii) the owned direct distribution system,
involving more than 107 distribution centers across most Brazilian regions and
using outsourced logistics without their own fleet of trucks. The owned direct
distribution centers, as well as the factories, are owned by the Company or its
subsidiaries and have their own teams of salespeople to access various sales
channels such as bars, supermarkets, bakeries, restaurants, convenience stores,
and grocery stores. The exclusive outsourced distributor networks have no
corporate relationships with the Company, </FONT><a name="page_90"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">and
have their own sales teams to access the same sales channels that are accessed
by the Company&#8217;s own direct distribution. In addition, the sale can be made
directly from the factory to a few larger customers.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">87</FONT></P></DIV>
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<a name="_bclHeader90"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Soft drink
distribution in Brazil</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The soft drink
and non-alcoholic and non-carbonated beverage segment products are sold through
the same distribution system used for beer.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Beer and soft
drink distribution in CAC</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
distribution system on the Dominican Republic market comprises direct
distribution and third-party distributor operations. The owned direct
distribution centers, as well as the plants, are owned by the Company or its
subsidiaries and have their own teams of salespeople to access various sales
channels such as bars, supermarkets, bakeries, restaurants, convenience stores,
and grocery stores. The exclusive outsourced distributor networks have no
corporate relationships with the Company, and have their own sales teams to
access the same sales channels that are accessed by the Company&#8217;s own direct
distribution. In addition, the sale can be made directly from the factory to a
few larger customers. Direct distribution is done through outsourced logistics,
with the exception of the Dominican Republic, which has its own truck
fleet.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the Central
America operations, including Guatemala, El Salvador, Honduras and Nicaragua,
beer is sold predominantly in returnable bottles at small retail stores. The
Company markets the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Brahva</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">,
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Brahva Gold</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">,
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Extra</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">,
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Budweiser, Bud Light, Stella Artois, Corona, Modelo
Especial, Beck, Leffe</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> and
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Hoegaarden</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> brands, which
are distributed through the distribution system belonging to The Central America
Bottling Corporation, or CBC, together with the CBC soft drink portfolio. CBC
has its own fleet of trucks.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
and CBC, the PepsiCo bottler anchor in Central America, agreed to establish a
joint venture in which the Company and CBC are each holders of half of the
capital of Ambev Central America, whose goal is collaboration in manufacturing,
importing, distributing, marketing, and selling of beverages, especially beer,
in Guatemala and other Central American countries.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Latin America South</FONT></I></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
Company distributes its products in all countries where it operates in Latin
America South (Argentina, Bolivia, Chile, Paraguay, Uruguay and, before December
31, 2016, Colombia, Peru, and Ecuador) through direct distribution and also
outsourced distributors. The owned direct distribution centers, as well as the
plants, are owned by the Company or its subsidiaries and have their own teams of
salespeople to access various sales channels such as bars, supermarkets,
bakeries, restaurants, convenience stores, and grocery stores. The exclusive
outsourced distributor networks have no corporate relationships with the
Company, and have their own sales teams to access the points of sale, which are
determined for each distributor and direct distribution, according to their
geographical location. In addition, the sale can be made directly from the
factory to a few larger customers.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Canada</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
distribution system in Canada is structured in different ways across the
country, varying according to the specific characteristics of each region.
Logistics is organized based partly on outsourced and partly on owned
trucks.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Distribution
in Ontario</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Ontario, the province with the largest beer
consumption in Canada, we have, in partnership with other breweries, a retail
and distribution company established in 1927 named Brewers Retail Inc.,&nbsp;
operating as </FONT><a name="page_91"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Beer Store, or TBS. In 2015, we completed a new
Master Framework Agreement, or MFA, with the government of Ontario that
specifies, contractually, TBS&#8217; functions as a beer retailer and
distributor.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">88</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_91></A>
<a name="_bclPageBorder91"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader91"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to the MFA, TBS will continue to be the main
retailer for packages larger than those with six bottles or cans of beer. The
Liquor Control Board of Ontario, or LCBO, a chain of liquor stores belonging to
the government of Ontario, will continue to sell beer. Most LCBO stores are
restricted to selling packages containing six or fewer bottles or cans of beer.
According to the MFA, up to 450 grocery stores will also hold a license to sell
beer in packages of six or fewer bottles or cans of beer. The MFA entered in
force on January 1, 2016 and with an initial term of 10 years, subject to
renewal for successive periods of five years, except in case of termination of
the agreement, after the initial term, as provided for in the MFA.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The ownership of TBS is currently available to all
qualified breweries based in Ontario. The Board of Directors of TBS, consisting
of 15 members, has the following composition: Four directors appointed by
Labatt; four directors appointed by the Molson-Coors; four independent directors
appointed by a committee represented jointly by the Province of Ontario, Labatt,
and Molson-Coors; two directors appointed by large breweries (excluding Labatt
and Molson-Coors) that have sales in TBS above 50,000 hectoliters per year; and
one director appointed by small breweries based in Ontario with sales in TBS of
less than 50,000 hectoliters per year.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">TBS operates
as a self-financing corporation in a base of balanced cash flow, according to
which the fees are charged based on volume for the services provided to
breweries. The nature of TBS&#8217; activities requires compliance with laws and
regulations and supervision of the Province of Ontario and its agents. The laws
that control and license alcoholic beverages, the Liquor Control Act, Liquor
License Act, and Gaming Regulation and Public Protection Act, are applied by the
Ministry of Finance or by the Attorney General, which controls the alcoholic
beverage industry through the Liquor Control Board of Ontario and the Liquor and
Alcohol and Gaming Commission of Ontario.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Distribution
in Quebec</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quebec is the
Canadian province with the second highest consumption of beer. In this province,
there are no exclusive rights for beer sales and sales channels for consumption,
both within and outside of the establishments are mostly composed of private
stores. SAQ, a liquor store controlled by the government, sells a few select
beer brands that are not available in the private retail system.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
(and its competitors) sells its products in Quebec through a direct sale and
distribution system.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Distribution
in the Western Provinces</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Molson and
Labatt hold stakes in Brewers Distributor Limited, which operates a beer
distribution network mainly in the four western provinces of British Columbia,
Alberta, Manitoba, and Saskatchewan and three territories (Yukon, the Northwest
Territories and Nunavut). In Alberta, some volume is also sold through a
third-party wholesaler. In these Western Provinces markets there are both
private retail stores (such as Alberta and British Columbia) and
government-controlled stores (such as British Columbia, Manitoba, and
Saskatchewan).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Distribution
in the Atlantic Provinces</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">We distribute
and sell our products in the Atlantic Provinces (including New Brunswick,
Newfoundland, Nova Scotia, and Prince Edward Island) through (1)
government-controlled distribution and retail networks in the provinces of Nova
Scotia, New Brunswick, and Prince Edward Island; and (2) private distributors in
Newfoundland.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">89</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c) characteristics of the markets of operation</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">i&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Latin America North</FONT></I></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The beer market in Brazil</FONT></U></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 110%" face="times new roman"></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">In Brazil, beer is predominantly sold in bars for consumption on the premises, in standardized returnable 600-ml glass bottles. The second preference in terms of packaging presentation is the non-returnable 350-ml aluminum can, which is predominantly sold in supermarkets for off-premise consumption.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">According to our estimates, in 2017 we were the leader in the Brazilian market in terms of beer sale volumes, mainly through our three main brands: Skol, Brahma and Antarctica. Our closest competitors are Heineken, especially after the acquisition of the operations of Brasil Kirin in May 2017, and Cervejaria Petr&#243;polis.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Near-Beer</FONT></U></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 110%" face="times new roman"></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Some of our recent innovations have extended beyond the typical beer consumption occasions, such as Skol Beats Senses, Skol Beats Spirit and Skol Beats Secret, which are sweeter drinks, with higher alcohol content, and Brahma 0.0%, a non-alcoholic beer. These innovations are designed to increase the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Near-Beer</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman"> category and improve our market share in beverage categories other than beer, focusing on changing trends and consumer preferences. In late 2017, this new segment Skol Beats Senses, Skol Beats Spirit and Skol Beats Secrets created represented 0.7 percent of our total beer volume in Brazil, while, according to our estimates, Brahma 0.0% is the leader in Brazilian non-alcoholic beer segment and represents 1.0 percent of our total beer volume in the country.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The soft drink market in Brazil</FONT></U></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 110%" face="times new roman"></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The soft drink and non-alcoholic and non-carbonated beverage market in Brazil covers various segments, including soft drinks, bottled water, sports and energy drinks, coconut water, powdered and natural juices and iced tea. The soft drink segment is the most significant for our business, representing approximately 94% of the volumes of our NAB unit.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">According to Company estimates, the leading soda flavors in Brazil are: (1) cola (with 52% of the market in 2017), (2) Guaran&#225;, (3) orange, and (4) lime. Most of the carbonated soft drinks in Brazil are sold in supermarkets in non-returnable 2-liter PET bottles for domestic consumption. The non-returnable 350-ml aluminum can is also an important package for our business, being sold mainly in supermarkets and restaurants.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s main competitor on this market is The Coca-Cola Company. In addition to The Coca Cola Company, we face competition from small regional bottlers that produce what are usually referred to as &#8220;B Brands.&#8221; B Brands compete mainly in price, usually being sold at a lower price than our products.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Our main carbonated soft drink brands are Guaran&#225; Antarctica a leader in the &#8220;different from cola&#8221; flavor segment, and Pepsi Cola. Pepsi Cola is sold under our exclusive production and bottling contract with PepsiCo. Our portfolio of non-alcoholic beverage brands also includes Gatorade, on the sports drinks market, H2OH!, on the flavored water market, Lipton Ice Tea, on the iced tea market, also sold under license from PepsiCo and Fusion, a proprietary brand that now is the third largest brand on the energy market in Brazil. Also in 2016, we acquired &#8220;Do Bem&#8221;, a Brazilian juice company, which has a strong presence in the health and wellness segments.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">90</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The market in Central America</FONT></U></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><EM><U><FONT size=2></FONT></U></EM>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Guatemala, the main packages are the returnable 12-oz and 16-oz glass bottles and the 12-oz and 1 liter. Our main competitor in Guatemala is Cerveceria Centro Americana, the market leader. Cerveceria Centro Americana is a private company controlled by local investors. According to our estimates, the total annual volume of beer sales in the Guatemalan market was of 3.8 million hectoliters in 2017. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In El Salvador, Honduras and Nicar&#225;gua, we are currently selling imported brands and our primary packaging is the returnable 1-liter glass bottle.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Specifically in Nicaragua, our main competitor is Compa&#241;&#237;a Cervecera de Nicaragua, the market leader, a joint venture between Cerveceria Centro Americana, of Guatemala, and Florida Ice &amp; Farm Co., an investor group from Costa Rica.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In May 2016, the Company entered into an agreement with ABI, pursuant to which it committed to transfer to ABI its businesses in Colombia, Peru and Ecuador. In exchange, ABI agreed to transfer SAB businesses in Panama to the Company. The exchange was carried out on December 31, 2016. According to our estimates, we are currently the leader in the beer market in Panama. The main packaging are the 285ml glass bottle and 355ml aluminum can, and our main beer brands in Panama are Atlas Golden Light and Balboa Ice. Our main competitor in Panama&#8217;s beer market is Baru. Our operation in Panama also produces and trades soft drinks, under franchise, being Pepsi, Canada Dry and Squirt the main distributed brands.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The beer market in the Caribbean</FONT></U></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Cuba, our primary packaging is the 12-ounce can. Our main competitor in Cuba is the State Brewery. We currently sell the Bucanero, Cristal, Mayabe, and Cacique local Cuban brands. According to our estimates, the total annual sales volume on the Cuban beer market was approximately 2,8 million hectoliters in 2017.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the Dominican Republic, the annual sales volume on the beer market was 4.0 million hectoliters in 2017, according to our estimates. The main packages on the Dominican beer market are the returnable 650-ml and 1-liter glass bottles, predominantly sold in small retail stores. We currently lead the beer market in the Dominican Republic, after our acquisition of CND, with a portfolio of leading brands, such as Presidente, Brahma Light, Presidente Light, Bohemia, The One, Corona, Stella Artois, and Budweiser.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In Barbados, the annual sales volume on the beer market was 0.2 million hectoliters in 2017, according to our estimates. We are the market leader with brands such as Banks and Deputy, which are produced locally by BHL. Growth on the Barbados beer market in the last three years has been driven by domestic and imported brands. The main packaging in Barbados are the 250-ml and 275-ml returnable glass bottles.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The soft drink market in the Caribbean</FONT></U></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to our estimates, the total annual sales volume on the Dominican soft drink market was approximately 4.9 million hectoliters in 2017. The main packaging on the Dominican soft drink market is the returnable half-liter glass or PET bottle, which is predominantly sold in small retail stores. The Coca-Cola Company, represented by Bepensa, leads the soft drink market in the Dominican Republic, followed by Ajegroup, which adopts a low-price strategy. Ambev is currently the third competitor on this market.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our main soft drink brands in the Dominican Republic are Red Rock, Pepsi Cola and Seven UP, all marketed under an exclusive bottling agreement with PepsiCo.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In Barbados,
the annual sales volume on the soft drink market was 0.2 million hectoliters in
2017, according to our estimates. Barbados Bottling Co. Ltd., a wholly owned
subsidiary of BHL, is the soft drink market leader. BHL produces and distributes
Coca and its associated brands under franchise, in addition to the proprietary
&#8220;Frutee&#8221; brand, which is composed of ten flavors. BHL, through other subsidiary,
also manufactures and markets juices and milk products in Barbados.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ii. Latin
America South</FONT></I></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina is one of our most important regions, second
only to Brazil in terms of volume. We are present in more than 300,000 points of
sale throughout Argentina, both directly and through our exclusive third-party
distributors.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The beer
market in Argentina</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to our estimates, the total annual sales volume
on the Argentine beer market was approximately 18.6 million hectoliters in 2017.
With a population of approximately 44 million people, Argentina is the largest
and most important market for beer in Latin America South.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The beer
consumption in Argentina has decreased in recent years, but it showed growth in
2017, reaching an annual per capita consumption of 42.4 liters, which represents
a growth of 4.8 percent compared with the previous year. Since year 2000, beer
has become the number one alcoholic beverage in Argentina in terms of
hectoliters sold, according to our estimates.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our main package in Argentina is the returnable 1-liter
glass bottle, which accounted for approximately 81 percent of our sales in
2017.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">According to
our estimates, consumption in bars and restaurants accounted for 15 percent of
beer volumes in Argentina in 2017, with sales in supermarkets representing 13
percent of the beer volume. The main consumer channels in volume in Argentina
are kiosks and small stores.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Our main beer
brands in Argentina are Quilmes Cl&#225;sica, Brahma, and Stella Artois. According to
Nielsen, we are the leading beer producer in Argentina,&nbsp; and our main
competitor in the country is Compa&#241;&#237;a Cervecer&#237;as Unidas S.A..</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The soft drink
market in Argentina</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">According to
our estimates, the annual sales volume on the Argentine soft drink market was
approximately 43.4 million hectoliters in 2017. Non-returnable bottles accounted
for 90 percent of our soft drink sales in that country in 2017.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">We are the
exclusive Pepsi bottlers in Argentina, and our most important soft drink brand
in that country is Pepsi. According to Nielsen, we were the second largest
competitor in the Argentine soft drink market in 2017, and on this market we
were only behind of The Coca Cola Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The beer
market in Bolivia</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">According to
our estimates, the total annual sales volume on the Bolivian beer market was
approximately 3.3 million hectoliters in 2017. The Bolivian market is strongly
influenced by macroeconomic trends and governmental, regulatory, and tax
policies.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Our main
package in Argentina is the returnable 620-ml glass bottle, which accounted for
approximately 48 percent of our sales in 2017.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">92</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Our most
important beer brands in Bolivia are Pace&#241;a, Taqui&#241;a, and Huari. The Company is
the leading beer producer in Bolivia, according to Nielsen.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The soft drink
market in Bolivia</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In March 2009,
through Quinsa, we acquired from SAB, 100 percent of Bebidas y Aguas Gaseosas
Occidente S.R.L., becoming the exclusive </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Pepsi</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> bottler in
Bolivia.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">According to
our estimates, the annual sales volume on the Bolivian soft drink market was
approximately 13.5 million hectoliters in 2017.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In addition,
99 percent of our soft drink sales in that country are made in non-returnable
bottles.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The market in
Chile</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">According to
our estimates, the total annual sales volume on the Chilean beer market was
approximately 8.8 million hectoliters in 2017. Beer consumption in Chile has
increased every year since 2009. Our most important beer brands in Chile are
Becker, Corona, B&#225;ltica and Stella Artois.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">We are the
second largest competitor in Chile beer production, according to Nielsen, and
our main competitor and market leader in the country is Compa&#241;ia Cervecer&#237;as
Unidas S.A. In 2015, we became the exclusive distributor of the Corona brand in
Chile and, since January 2016, have also started to import and distribute
Budweiser in the country.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The market in
Paraguay</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">According to
our estimates, the total annual sales volume on the Paraguayan beer market was
approximately 4.3 million hectoliters in 2017.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The beer
market in Paraguay has traditionally distinguished itself from the Southern Cone
countries in some respects, because (1) beer does not face significant
competition from wine as an alternative alcoholic beverage; (2) the domestic
beer market has been facing strong competition from imported beers, which
account for a far higher market share in Paraguay than in neighboring countries;
and (3) our products&#8217; seasonality is lower due to warmer weather throughout the
year.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Our main
package in Paraguay is the can, which accounted for approximately 48 percent of
our sales in 2017.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Our most
important beer brands in Paraguay are Brahma and Ouro Fino, with a leader market
share in the country according to our estimates. We also the exclusive
distributor of the Budweiser brand in Paraguay.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The beer
market in Uruguay</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">According to
our estimates, the total annual sales volume on the Uruguayan beer market was
approximately 1.1 million hectoliters in 2017. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Our main
package in Uruguay is the returnable 1-liter glass bottle, which accounted for
approximately 79 percent of our sales in 2017. Our most important beer brands in
Uruguay are Pilsen and Patricia, with a leader&nbsp; market share in 2017,
according to our estimates.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The soft drink
market in Uruguay</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">According to
our estimates, the total annual sales volume on the Uruguayan soft drink market
was </FONT><a name="page_96"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">approximately 3.5 million hectoliters in 2017.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">93</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Non-returnable
bottles accounted for 89 percent of our soft drink sales in that country in
2017. Our most important brand in Uruguay is Pepsi, and our main competitor is
The Coca-Cola Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">iii.
Canada</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Our business
segment in Canada is represented by Labatt&#8217;s operations, which include the sales
of domestic beer brands, and of ABI, a portfolio of mixed beverage and cider
brands, as well as the export of the Kokanee beer brand to the United
States.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">We estimate
that Labatt is the beer market leader in Canada. The main packaging in this
country is the returnable 341-ml glass bottles and the 355-ml aluminum can, sold
predominantly in retail stores owned by the private and public sector as well as
private establishments for on-site consumption. Our main competitor in Canada is
Molson Coors, but we also compete with smaller brewers, such as Sleeman
Breweries Ltd., or Sleeman, and Moosehead Breweries Ltd.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Our main
brands in Canada are: Budweiser and Bud Light (manufactured and sold under a
license from the ABI subsidiary, Anheuser-Busch, Inc., or Anheuser-Busch), and
Corona Labatt Blue, Alexander Keith&#8217;s, Stella Artois, and Kokanee.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">In January 2016, we acquired, through
our subsidiaries, the business of </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ready-to-drink, ciders and craft beers of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"> Mark Anthony Group in the Canadian
market. In April 2016, a subsidiary of Labatt Brewing Company Limited, one of
our wholly-owned subsidiaries, acquired </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Archibald Microbrasserie, known by its seasonal special
beers and products</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">d) possible
seasonality</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">For
illustrative purposes, we report that beverage sales in the Company&#8217;s markets
are seasonal. Overall, sales are higher during the summer and major holidays.
Therefore, in the Southern Hemisphere (Latin America North and Latin America
South), the overall sales volume is higher in the fourth quarter due to early
summer and year-end festivities. In Canada, the sales volume is higher in the
second and third quarters due to the summer season in the region. The table
below demonstrates this, showing the Company&#8217;s sales volume per quarter and
business unit:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="23%">&nbsp;</TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="77%" colSpan=5>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2017 Quarterly
  Volumes</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="77%" colSpan=5>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(percentage of annual
      volumes)</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">&nbsp;</TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1st Quarter</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2nd Quarter</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3rd Quarter</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4th Quarter</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2017</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Latin America North</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">25.5%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">21.9%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">23.4%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">29.2%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Brazil</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">25.9%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">21.6%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">23.2%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">29.4%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cerveja Brasil</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">25.6%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">21.7%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">23.0%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">29.6%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="MARGIN: 0cm 0cm 0pt 7.1pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">NAB Brasil<SUP>(1)</SUP></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">26.6%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">21.2%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">23.7%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">28.5%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CAC<SUP>(2)</SUP></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">22.8%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">24.2%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">25.2%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">27.9%</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Latin America South</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">26.7%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">19.8%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">22.9%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">30.6%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Canada</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">19.0%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">29.5%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">28.3%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">23.2%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Ambev Consolidated</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">25.4%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">21.9%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">23.6%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="Times New Roman">29.1%</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 35.45pt; TEXT-INDENT: -21.25pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 35.45pt; TEXT-INDENT: -21.25pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 8.05pt" face="times new roman">(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 8.05pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 8.05pt" face="times new roman">Carbonated soft drinks and non-alcoholic and
non-carbonated beverages.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 35.45pt; TEXT-INDENT: -21.25pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 8.05pt" face="times new roman">(2)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 8.05pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 8.05pt" face="times new roman">Beer and soft drink operation in Central America and the
Caribbean (&#8220;CAC&#8221;)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">e) main inputs
and raw materials</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
description of the relationship with suppliers, including whether they are
subject to government control or regulation</FONT></I></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">94</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_97></A>
<a name="_bclPageBorder97"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader97"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
possible dependence on few suppliers</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
possible volatility in prices</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Beer</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The main raw
materials used in the Company&#8217;s manufacturing process are: malt, non-malted
cereals, hops, and water.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Malt and
Barley</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Malt is widely
available, and the Company&#8217;s needs are met by domestic and international
suppliers, as well as its own malting facilities. In the case of the beer
operations in Brazil, about 80 percent of our malt needs are supplied by owned
malting facilities, located in southern Brazil, Argentina, and
Uruguay.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">To meet the
rest of our demand, our main malt supplier is the Cooperativa Agroindustrial
Agr&#225;ria, in Brazil. Malt market prices are volatile and depend on the quality
and level of production of the global barley crop, as well as on the intensity
of demand.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
acquires barley for its malting facilities directly from farmers in South
America. Barley prices depend on the barley crop quality and wheat prices on the
major world markets. The Company enters into futures contracts or financial
instruments to avoid the impact of short-term volatility in barley and malt
prices on its production costs.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Hops</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">There are two
types of hops used in beer production: The variety that gives beer its bitter
taste, usually imported from the United States, and the hops responsible for the
distinctive aroma of beer, usually imported from Europe. A few international
companies concentrate hops supply, especially the Barth-Haas Group, Hopsteiner,
HVG and Kalsec.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Unmalted
Cereals</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Corn syrup is
purchased from Ingredion, Cargill, and Tereos Syral. Corn is purchased for the
internal production of </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">grits</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> at a few
plants, and rice and corn </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">grits</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> are purchased
from other local supplier plants and are generally widely available.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Water</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Water
represents a small portion of the Company&#8217;s raw material costs. The Company gets
the water it needs from various sources such as lakes and reservoirs, deep wells
located near its breweries, rivers adjoining its factories, and from utilities.
The Company monitors the quality, taste, and composition of the water it uses,
treats it to remove impurities, and observes strict quality standards and
regulations. Due to technological advances, the Company has continuously reduced
water consumption per hectoliter produced.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">95</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_98></A>
<a name="_bclPageBorder98"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader98"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Soft
drinks</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The main raw
materials the Company uses in soft drink manufacturing are concentrate
(including guaran&#225; extract), sugar, sweetener, fruit juices, water, and carbon
dioxide gas. Most of these materials are procured from local
suppliers.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Guaran&#225;
Fruit</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
has 1,070 hectares of land that supplies it with 29 tons of guaran&#225; seeds
(berries) per year, or about 10 percent of its needs. The remainder is purchased
directly from independent farmers in the Amazon region and in other guaran&#225;
producing regions in Brazil. Our property&#8217;s focus is to provide guaran&#225; seeds to
local farmers and promote sustainable guaran&#225; in the Amazon region.
Approximately 50,000 seeds are donated annually.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Concentrates</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
has a concentrate facility in northern Brazil, which produces the concentrates
required for it to meet its own Guaran&#225; Antarctica brand production needs, among
others. Concentrates for Pepsi soft drink products is purchased from
PepsiCo.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Sugar</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Sugar is
widely available and is purchased by our regional procurement entity. The
Company has derivative instruments to avoid the impact of short-term volatility
in sugar prices on our production costs.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Juices</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Orange, lemon,
grapes and others are purchased only in Brazil. Our main suppliers are Louis
Dreyfus Commodities, Cutrale, Dohler, Citrus Juice, Citrosuco, Golden, and
Tecnovin.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Others</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
procures all of the fruit juice, pulp, and concentrates it uses to manufacture
its fruit-flavored soft drinks from local suppliers.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Package</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Packaging
costs include the cost of the glass and PET bottles, aluminum cans, plastic film
(vacuum packaged and stretched), paper labels, plastic closures, metal caps, and
cardboard. The Company has derivative instruments to mitigate the impact of
short-term volatility in aluminum prices on our production costs. With respect
to other materials, the company usually sets a fixed price for the period,
according to the prevailing macroeconomic conditions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In April 2008,
we started operating a glass bottle production plant in Rio de Janeiro, which we
expanded in November 2015. This facility has an annual production capacity of
approximately 240,000 tons of glass, and in 2017 such facility met 44 percent of
our glass needs.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The choice of
packaging materials varies by cost and availability in different regions as well
as consumer preferences and the image of each brand. We also use aluminum sheet
for the production of cans and caps.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Our aluminum
cans are mainly supplied on a regional basis by global companies, while our
glass packages are supplied by several suppliers, both regionally and globally.
We acquired our beer and soft drink labeling mostly from our local suppliers; in
Brazil, most of our requirements are met by a print shop </FONT><a name="page_99"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">belonging to FAHZ, which is operated by us under a lease
agreement.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">96</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_99></A>
<a name="_bclPageBorder99"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader99"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Plastic
closures are purchased mainly regionally&nbsp; and the PET pre-forms are
purchased mainly regionally, both from local and global suppliers. The metal
caps in Brazil come mainly from our vertical operation in Manaus (Arosuco). Such
manufacturers also supply some of our CAC operations.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">97</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_100></A>
<a name="_bclPageBorder100"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader100"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">7.4 -
Customers accounting for over 10% of total net revenue</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable, since the Company does not currently have any customer who accounts
for more than 10 percent of its total net revenue.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">98</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader101"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">7.5 - Material
effects of state regulations on activities</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Below is the
information on the material effects of state regulation of the Company&#8217;s
activities.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
need for government authorizations to perform the activities and history of
relationship with the government administration to obtain such
authorizations</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Several
Company operations are subject to regulation and local government supervision,
including (i) labor laws; (ii) social security laws; (iii) public health, health
surveillance, product regulation, consumer and environmental protection laws;
(iv) securities laws, and (v) competition defense laws. In addition, there are
regulations to (a) ensure health and safety conditions in beverage production,
bottling, and distribution, and (b) impose restrictions on beer consumption
advertising.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Environmental
laws in the countries where the Company operates are mostly related to: (i)
compliance of the Company&#8217;s operating procedures with environmental laws
regarding, among other issues, the emission of gaseous and liquid effluents; and
(ii) disposal of non-returnable packaging.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
has at its disposal competent and trained professionals with knowledge about the
demands and requirements imposed by regulatory agencies and who have allowed it
to keep valid the licenses necessary for the proper functioning of its
operations and a positive history with securing and/or renewing the licenses
required for its activities.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Environmental policy of the issuers and costs incurred to comply with the
environmental regulation and, if applicable, of other environmental practices,
including the commitment to comply with the international environmental
protection standards</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
has established a goal policy that monitors the continuous evolution of its
eco-efficiency, the Environmental Management System, in order to reduce
environmental impacts and ensure business sustainability. Such a system has been
in use for more than 20 years and is present at all plants.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
also manages raw material use (such as power and water) in the production
process in order to avoid wasting natural resources, reduce the organic load for
disposal, and improve productivity.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
constantly seeks to reduce the generation of solid waste in its processes and to
promote recovery, reuse, recycling, and composting. In 2017, the company secured
incremental revenue of approximately R$120 million from the sale and recycling
of waste from the beverage production process. In 2017, more than 99.33 percent
of the byproducts were reused.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
monitors greenhouse gases and adopts an inventory that includes direct (scope 1)
and indirect (scope 2) emissions, encompassing all its plants, including the
five verticalized plants (glass, corks, labels, extract, and syrup) and the five
malting plants (Musa, Cympay, Pampa, Navegantes, and Passo Fundo). In 2017, KPMG
carried out an audit of the inventory and confirmed the both the system and the
reliability of the reported data.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">As mentioned
above, the environmental laws in the countries where the Company operates are
mostly related to: (i) the compliance of the operating procedures with
environmental laws regarding, among other issues, the emission of gases, release
of liquid effluents, disposal of solid residues; and (ii) the disposal of
non-returnable packaging.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">During fiscal
year 2017, the Company allocated approximately R$74.4 million to comply with
regulations and adhere to the best environmental practices, divided as follows
(approximately): (i) investment in fixed assets: R$23 million; (ii) water and
wastewater treatment: R$32 million, and (iii) disposal of waste: </FONT><a name="page_102"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">R$18.5 million.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">99</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader102"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
dependence on relevant patents, trademarks, licenses, concessions, franchises,
royalty agreements relevant for the development of activities</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Trademarks</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
owns several trademarks, registered or applied for at the National Institute of
Industrial Property - INPI, in the market segment class in which it operates,
the most relevant of which to the performance of its activities being as
follows: &#8220;AMBEV&#8221;, &#8220;Skol&#8221;, &#8220;Skol Beats&#8221;, &#8220;Skol Litr&#227;o&#8221;, &#8220;Skol 360&#176;&#8221;, &#8220;Skol
Redondinha&#8221;, &#8220;Skol Beats Senses&#8221;, &#8220;Skol Beats Spirit&#8221;, &#8220;Skol Ultra&#8221;, &#8220;Brahma&#8221;,
&#8220;Brahma Zero&#8221;, &#8220;Brahma Extra&#8221;, &#8220;Brahma Black&#8221;, &#8220;Brahma Chopp&#8221;, &#8220;Brahma
Internacional&#8221;, &#8220;Antarctica&#8221;, &#8220;Antarctica Sub Zero&#8221;, &#8220;Cerveja Antarctica&#8221;,
&#8220;Cerveja Pilsen Antarctica Sub Zero&#8221;, &#8220;Cerveja Original Pilsen &#8211; Antarctica&#8221;,
&#8220;Serramalte&#8221;, &#8220;Bohemia&#8221;, &#8220;Caracu&#8221;, &#8220;Brahva Chopp&#8221;, &#8220;Kronenbier&#8221;, &#8220;Liber&#8221;,
&#8220;Quilmes&#8221;, &#8220;Guaran&#225; Antarctica&#8221;, &#8220;Guaran&#225; Antarctica Zero&#8221;, &#8220;Guaran&#225; Antarctica
Black&#8221;, &#8220;Guaran&#225; Champagne Antarctica&#8221;, &#8220;Sukita&#8221;, &#8220;Sukita Zero&#8221;, &#8220;Soda Limonada
Antarctica&#8221;, &#8220;Fusion Energy Drink&#8221;, &#8220;Cervejaria Colorado Chopp Natural de
Ribeir&#227;o&#8221;, &#8220;W&#228;lls&#8221;, &#8220;Bare&#8221;, &#8220;Citrus Antarctica&#8221;, &#8220;Do Bem&#8221; and &#8220;&#193;gua T&#244;nica de
Quinino Antarctica.&#8221; For more information about the Company&#8217;s brands, including
those at the registration stage, see item 9.1 of this Reference Form.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Patents</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
has no patents that currently are relevant to the development of its
activities.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Licenses and
Royalties Contracts</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
has had a long-term agreement with PepsiCo under which the Company holds the
exclusive right to bottle, sell, and distribute certain brands in PepsiCo&#8217;s soft
drink portfolio in Brazil, including </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">PepsiCola</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">,
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Gatorade</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">,
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">H2OH!, Gatorade </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">and
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Lipton Ice Tea</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In addition,
the Company is also, through its subsidiaries, PepsiCo&#8217;s bottler in Argentina,
Uruguay, Bolivia and Dominican Republic. In 2017, the sales volumes of PepsiCo
products represented approximately 32 percent of total sales of the NAB segment
in Brazil, 62 percent of total NAB sales in the Dominican Republic, and the
entire volume of the NAB segment in Argentina, Bolivia and Uruguay.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Labatt Brewing
Company Limited entered into long-term licensing agreements with Anheuser-Busch
InBev SA/NV, or &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ABI</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">,&#8221; through
which Labatt Brewing Company Limited was granted the exclusive right and license
to manufacture, package, sell, distribute, and market a few of ABI&#8217;s brands,
including the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Budweiser
</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">and </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">BudLight</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> brands in
Canada, and the right to use ABI trademarks for these purposes. The agreements
expire in January 2098 and are renewable by either party for a second term of
100 years. In 2017, the ABI brands sold by Labatt Brewing Company Limited
accounted for approximately 57 percent of its total sales volume. Company
estimates currently indicate that </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Budweiser
</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">is the best-selling brand, while </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">BudLight</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> is the third
brand with the most sales in terms of volume in Canada.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
also has a license agreement with ABI, through which it has exclusive
production, distribution, and marketing rights for </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Budweiser</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> in Brazil.
The Company also has sales and distribution agreements for these brand products
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Budweiser</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, in Paraguay,
Guatemala, Dominican Republic, El Salvador, Nicaragua, Uruguay and
Chile.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In May 2018,
Quilmes, an Ambev subsidiary, entered into a perpetual license agreement with
ABI for the distribution of </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Budweiser
</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">brand and, pursuant to certain conditions, other ABI&#8217;s
American brands. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
and ABI have also been parties to a reciprocal licensing agreement, whereby the
Company </FONT><a name="page_103"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">is
authorized to manufacture, package, market, and distribute beer under the
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Stella Artois</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> and
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Beck&#8217;s</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> brands in
Latin America and Canada, exclusively, and ABI is allowed to produce, package,
market, and distribute beer under the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Brahma</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> brands in
Europe, Asia, Africa, and the United States, also exclusively. Thus, since 2005,
the Company produces </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Stella
Artois</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> in Brazil and ABI produces Brahma in the United States,
United Kingdom, Spain, Switzerland, Finland and Greece, among others.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">100</FONT></P></DIV>
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<a name="_bclHeader103"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">An ABI
subsidiary, Metal Container Corp. is one of the Company&#8217;s can
suppliers.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
also has a licensing agreement with Grupo Modelo, S.&nbsp; de R.L. de C.V.
(formerly known as Grupo Modelo&nbsp; S.A.B. de C.V.), an ABI subsidiary, to
import, promote, and resell Corona products (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Corona Extra,
Corona Light, Coronita, Pacifico, and Negra Modelo</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">) in Latin
America, including Brazil, as well as in Canada.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Concessions</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
has no concessions that are currently relevant to the development of its
activities.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Franchises</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company is
a franchiser of the following franchises in the bar segment: </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Nosso Bar</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">,
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Seu Boteco</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">,
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quiosque Chopp Brahma</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">,
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Carrinho Chopp Brahma, Chopp Brahma Express, Pit Stop
Skol </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">and </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Central de
Bebidas</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">101</FONT></P></DIV>
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<a name="_bclHeader104"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">7.6 - Material
foreign revenue</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) revenue from clients attributed to the issuer&#8217;s
country of origin and its share in the Company&#8217;s total net
revenue</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Revenues from clients attributed to the country where the
Company&#8217;s headquarters are located totaled R$26,353.0 million for the year ended
December 31, 2017, representing 55 percent of its consolidated total net
revenue. Revenues from clients attributed to the Company&#8217;s country totaled
R$24,954.6 million for the year ended December 31, 2016, representing 54.7
percent of its consolidated total net revenue. Finally, revenues from clients
attributed to the country where the Company&#8217;s headquarters are located totaled
R$26,326.2 million for the year ended December 31, 2015, representing 56.3
percent of its total net revenue.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) revenue from clients attributed to each foreign
country and its share in the Company&#8217;s total net revenue</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For the year ended December 31, 2017, net revenue from
the countries that integrate Latin America South totaled R$10,769.7 million,
representing 22.5 percent of the Company&#8217;s total net revenue. Revenues from
Canada totaled R$6,043.5 million, representing 12.6 percent of the Company&#8217;s
total net revenue. The net revenue from the countries that make up the CAC
(Central American and Caribbean) totaled R$4,733.0 million, representing 9.9
percent of the Company&#8217;s total net revenue.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For the year ended December 31, 2016, net revenue from
the countries that make up Latin America South totaled R$10,212.9 million,
representing 22.4 percent of the Company&#8217;s total net revenue. Revenues from
Canada totaled R$6,461.9 million, representing 14.2 percent of the Company&#8217;s
total net revenue. The net revenue from the countries that make up the CAC
(Central American and Caribbean) totaled R$3,973.2 million, representing 8.7
percent of the Company&#8217;s total net revenue.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For the year ended December 31, 2015, net revenue from
the countries that make up Latin America South totaled R$11,255.6 million, 24.1
percent of the Company&#8217;s total net revenue. Revenues from Canada totaled
R$5,809.7 million, representing 12.4 percent of the Company&#8217;s total net revenue.
The net revenue from the countries that make up the CAC (Central American and
Caribbean) totaled R$3,328.8 million, representing 7.1 percent of the Company&#8217;s
total net revenue.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Total revenue from other countries and its share in
the total net revenue of the Company</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the year ended December 31, 2017, the Company&#8217;s total
revenues from foreign countries where it operates totaled R$21,546.3 million,
representing a stake of 45.0 percent in its total net revenue.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the year ended December 31, 2016, the Company&#8217;s total
revenues from foreign countries where it operates totaled R$20,648.0 million,
representing a stake of 45.3 percent in its total net revenue.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the year ended December 31, 2015, the Company&#8217;s total
revenues from foreign countries where it operates totaled R$20,394.0 million,
representing a stake of 43.7 percent in its total net revenue.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">102</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.7 - Effects of foreign regulations on
activities</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Below is the information on the material effects of
foreign regulation of the Company&#8217;s main activities.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Government restrictions on beer consumption on the
markets where the Company operates vary from one country to another and, in some
cases, from a local region to another. The most relevant restrictions
are:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
laws of each country or province determine a minimum age for alcohol
consumption, established by the government (the age for beer consumption varies
between 18 and 21 years), or in some countries, laws impose time limits during
which liquor sales are allowed;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">A
few local and federal governments require that retail stores secure special
licenses to sell alcohol; this is the case in some regions of Argentina, Bolivia
and Canada. </FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Some local and federal governments (including Bolivia)
prohibit the sale of alcoholic beverages within a certain distance of schools,
hospitals and other areas, as well as impose certain restrictions regarding the
time of sale and consumption of such products in public places and private
clubs.</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In
some Canadian provinces, selling beer outside bars and restaurants is only
allowed in government-owned points of sale or licensed stores. In Ontario,
Canada&#8217;s most populous province, the sale of beer outside bars and restaurants
is limited to only three channels, according to regulation of </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The Alcohol and Gaming Commission of Ontario:
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Liquor Control
Board of Ontario</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, a
government-owned company, </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Beer
Store</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, a company jointly controlled by Labatt Brewing Company
and other 33 breweries, and of eligible licensed stores;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Some local governments in Canada set a minimum price for
beer sales (referred to as </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Social Reference Price or SRP). There is a
SRP</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> for each package size and the SRP may vary from one
province to another.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Many governments also impose restrictions on beer
divulging, which may affect, among other things, (i) the media channels used,
(ii) the content of advertising campaigns, and (iii) the time and places where
beer can be advertised.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">103</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">7.8 - Social and Environmental Policies</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) indicate whether the issuer discloses social and environmental information</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company publishes its Annual and Sustainability Report, in which it discloses its sustainability strategy, initiatives, and results achieved on its World Wide Web website. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) the methodology followed in the preparation of this information</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s Annual and Sustainability Report follows the guidelines of the latest version of the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">GRI - Global Reporting Initiative</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> (G4 - essential level). In addition, the Company considers the &#8220;AA 1000 - Accountability 1000&#8221; standard in the process through which it engages its </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">stakeholders</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> for defining the material issues of the sustainability strategy.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) if the information is audited or reviewed by an independent entity</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Annual and Sustainability Report for the year 2017 was audited by an independent entity regarding the GRI and AA1000, indicated in item (b) above.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) the page on the World Wide Web where the information can be found</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">www.ambev.com.br</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=blue face="times new roman"> </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=blue face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) indicate whether the issuer has in place a social and environmental responsibility policy</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company has adopted several policies related to social and environmental responsibility, including supplier responsibility policy, smart consumption policy, responsible communication and marketing code, Code of Conduct, environment policy, among others.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) the page on the World Wide Web where the information can be found</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The supplier responsibility policy, the responsible communication and marketing code and the Code of Conduct can be found at: www.ambev.com.br. The other policies are internal and are available at the Company&#8217;s website. </FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">104</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name=page_107></A>
<a name="_bclPageBorder107"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader107"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">7.9 - Other
material information</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">There is no other relevant information regarding the
Company that have not been described in previous sections.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">105</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_108></A>
<a name="_bclPageBorder108"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader108"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">8.
Extraordinary Business</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">8.1 -
Acquisition or disposal of any material asset that does not fit as normal
operating business of the issuer</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable, since there was no acquisition or disposal of any assets that does
not fit under a normal operation of the Company. For further information on
corporate operations carried out by the Company, see item 15.7.</FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">106</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_109></A>
<a name="_bclPageBorder109"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader109"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">8.2
Significant changes in the way the issuer&#8217;s business is conducted</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable, since there were no significant changes in the last three fiscal
years in the conduction of the Company&#8217;s business.</FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">107</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_110></A>
<a name="_bclPageBorder110"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader110"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">8.3 - Material
contracts entered into by the issuer and its subsidiaries not directly related
to operating activities</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable, since neither the Company nor its subsidiaries entered into
contracts with third parties that are not directly related to its operating
activities the last three fiscal years.</FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">108</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_111></A>
<a name="_bclPageBorder111"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader111"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">8.4- Other
material information</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">There is no
other material information on the issue that has not been disclosed in this
section.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">109</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_112></A>
<a name="_bclPageBorder112"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader112"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 116%" face="times new roman">9.1 &#8211; Other
relevant non-current assets</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 116%" face="times new roman">Not applicable, since the Company does not have other
relevant non-current assets.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 116%" face="times new roman">9.1.a -
Property, plant and equipment</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #244061; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description of property, plant and
      equipment</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #244061; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Country
      of location</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #244061; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">State of
      location</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #244061; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">City of
      location</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #244061; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type of
      property</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=5>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Latin
      America - North</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SP</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Agudos</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">MA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Equatorial</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SP</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Jacare&#237;</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SC</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Lages</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">RN</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Natal</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SP</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Guarulhos</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">MG</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Sete Lagoas</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">MG</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Uberl&#226;ndia</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">RJ</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Petr&#243;polis</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">PR</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Ponta Grossa</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">MG</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Belo Horizonte (W&#228;ls)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SP</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Ribeir&#227;o Preto (Colorado)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">PB</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Jo&#227;o Pessoa</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SE</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#193;guas Claras</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CE</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Aquiraz</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">BA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Cama&#231;ari</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">GO</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Cebrasa</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">MT</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Cuiab&#225;</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SP</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Jaguari&#250;na</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Soft drinks plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">RJ</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Cachoeiras de Macacu</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">PE</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Itapissuma</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">RJ</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Nova Rio
      &#8211; Rio de Janeiro</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">110</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">AM</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Manaus</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">MG</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Juatuba</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">PI</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Teresina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">RS</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#193;guas Claras do Sul</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">RJ</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Pira&#237;</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Soft drinks plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">PR</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Curitibana</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Soft drinks plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">MG</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Contagem</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Soft drinks plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SP</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Jundia&#237;</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Soft drinks plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">RS</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Sapucaia</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Labels plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SP</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">S&#227;o Paulo</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Metal caps plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">AM</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Manaus</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Glass bottles plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">RJ</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Campo Grande</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Concentrates plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">AM</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Manaus</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Malting plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">RS</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Navegantes</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Malting plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">RS</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Passo Fundo</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="100%" colSpan=5>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">CAC (Central America and the
      Caribbean)</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Guatemala</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Teculut&#225;n</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Dominican Republic</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Santo Domingo</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cuba</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Holgu&#237;n</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Saint Vincent</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Campden Park</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Dominica</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Roseau</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Barbados</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Newton</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Panama</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Panama City</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Dominican Republic</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Hato Nuevo</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="100%" colSpan=5>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America - South</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quilmes</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Zarate</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Acheral</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">111</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_114></A>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=center></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bolivia</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">La Paz</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bolivia</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Santa Cruz</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bolivia</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Cochabamba</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bolivia</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Huari</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bolivia</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Tarija</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Chile</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Santiago</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Uruguay</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Minas</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Paraguay</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Ypane</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Mendonza</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Corrientes</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Mixed plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Uruguay</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Montevideo</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Soft drinks plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Cordoba</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Soft drinks plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Trelew</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Soft drinks plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Tucuman</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Soft drinks and juices plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Buenos Aires</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Soft drinks plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bolivia</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Sacaba</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Soft drinks plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bolivia</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">El Alto</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Metal caps plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Coroplas</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Glass bottle plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Paraguay</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Ypane</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cans plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bolivia</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Enalbo</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Malting plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Tres Arroyos</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Malting plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Llavallol</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Malting plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Argentina</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Puan (Malteria Pampa)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Malting plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Uruguay</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Paysand&#250; (Cympay)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Malting plant</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Uruguay</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Nueva Palmira (Musa)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="100%" colSpan=5>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Canada</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Montreal</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Creston</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">112</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=center></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Edmonton</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">London</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Halifax</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">St. John&#8217;s</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Bermonsey (Mill Street)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Delta (Turning Point)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quebec (Archibald)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brewery</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Halifax (Alexander Keith)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Owned</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 116%" face="times new roman">9.1.b &#8211;
Intangible assets, such as patents, trademarks, licenses, concessions,
franchises, technology transfer agreements and Internet domain
names.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">AMBEV</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jul. 2,
      1999 to Sep. 9, 2023</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the Instituto Nacional da Propriedade Industrial &#8211; INPI
      (National Institute of Industrial Property) to decide on the registration
      of trademarks in Brazil. The Institute may deny the request for
      registration based on a court order, or upon opposition of third parties,
      if justified. According to article 142 of Law 9279/96 (</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">LPI</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">), other
      events may lead to loss of rights to the trademark, such as termination of
      effectiveness without request for renewal of the trademark on the due date
      (1 year before the expiration of the registration); total or partial
      waiver of rights by the holder; and cancellation, at the request of any
      person with legitimate interest, if the trademark has not been used in
      Brazil after 5 years as from the registration date, or if its use has been
      interrupted for more than 5 years. Furthermore, in the administrative
      sphere, the registration may be declared as void by INPI, whether
      ex-officio or based on the opposition by third parties, if the
      registration has been granted in disagreement with the applicable
      legislation. Finally, it is impossible to lose the rights to the trademark
      in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">113</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_116></A>
<a name="_bclPageBorder116"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader116"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SKOL</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Dec. 2,
      1963 to Jul. 10, 2025</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Sep. 4,
      2007 to Jan. 19, 2020</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or based
      on the opposition by third parties, if the registration has been granted
      in disagreement with the applicable legislation. Finally, it is impossible
      to lose the rights to the trademark in the judicial sphere.
  </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      the rights to the trademarks implies that it will not be possible to
      prevent third parties from using identical or similar trademarks to
      indicate even competing products or services, given that the holder no
      longer holds the right to exclusive use of the trademark. The possibility
      also exists of legal actions being filed against the holder in the
      criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SKOL
      BEATS</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Feb. 16,
      2016 to Feb. 16, 2026</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">114</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_117></A>
<a name="_bclPageBorder117"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader117"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SKOL
      LITR&#195;O</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jan. 11,
      2011 to Jan. 11, 2021</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">SKOL
      360&#186;</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Apr. 9,
      2013 to Apr. 9, 2023</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">115</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_118></A>
<a name="_bclPageBorder118"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader118"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SKOL
      REDONDINHA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jan. 18,
      2011 to Jan. 18, 2021</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SKOL
      BEATS SENSES</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jun. 7,
      2016 to Jun. 7, 2026</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">116</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_119></A>
<a name="_bclPageBorder119"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader119"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">SKOL
      BEATS (THREE-DIMENSIONAL TRADEMARKS)</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jan. 20,
      2009 to Jan. 20, 2019</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SKOL
      ULTRA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Feb. 4,
      2009 to Sep. 27, 2021</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">117</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_120></A>
<a name="_bclPageBorder120"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader120"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SKOL
      BEATS SPIRIT</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jun. 24,
      2015 to Oct. 24, 2027</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">BRAHMA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Dec. 28,
      1978 to Dec. 28, 2018</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jul. 31,
      2012 to Jul. 31, 2022</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">118</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_121></A>
<a name="_bclPageBorder121"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader121"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">BRAHMA
      ZERO</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jan. 11,
      2011 to Jan. 11, 2021</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">BRAHMA
      EXTRA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">May 13,
      1971 to Oct. 27, 2021</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">119</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_122></A>
<a name="_bclPageBorder122"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader122"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">BRAHMA
      INTERNACIONAL (THREE-DIMENSIONAL TRADEMARK)</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Nov. 10,
      2004 to Nov. 24, 2019</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">BRAHMA
      BLACK</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Aug. 17,
      2006 to Jun. 16, 2019</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">120</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_123></A>
<a name="_bclPageBorder123"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader123"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">BRAHMA
      CHOPP</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Feb. 12,
      1982 to Jul. 26, 2013</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">121</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_124></A>
<a name="_bclPageBorder124"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader124"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CERVEJA
      ANTARCTICA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Feb. 14,
      1992 to Nov. 23, 2023</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or consider the challenge of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 117%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ANTARCTICA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Apr. 20,
      1943 to Apr. 20, 2028</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 117%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">122</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_125></A>
<a name="_bclPageBorder125"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader125"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CERVEJA
      PILSEN ANTARCTICA SUB ZERO</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jun 9,
      2009 to May 8, 2022</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ANTARCTICA SUB ZERO</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Feb. 11,
      2009 to Sep. 27, 2021</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">123</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_126></A>
<a name="_bclPageBorder126"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader126"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CERVEJA
      ORIGINAL PILSEN &#8211; ANTARCTICA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jun. 16,
      1989 to Jul. 16, 2021</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SERRAMALTE</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Nov. 30,
      1962 to Oct. 4, 2018</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">124</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_127></A>
<a name="_bclPageBorder127"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader127"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">BOHEMIA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Nov. 7,
      1990 to Nov. 3, 2022</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CARACU</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jan. 29,
      1958 to Feb. 1, 2022</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">125</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_128></A>
<a name="_bclPageBorder128"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader128"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">BRAHVA
      CHOPP</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Aug. 8,
      2002 to Dec. 9, 2018</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">KRONENBIER</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Sep. 3,
      1991 to Oct. 24, 2025 </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">126</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_129></A>
<a name="_bclPageBorder129"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader129"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">LIBER</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Mar. 17,
      2003 to Aug. 25, 2019</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">QUILMES</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Feb. 23,
      1989 to Oct. 3, 2020</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">127</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_130></A>
<a name="_bclPageBorder130"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader130"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">GUARAN&#193;
      ANTARCTICA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Feb. 8,
      2002 to Dec. 9, 2018</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jul. 31,
      2012 to Jul. 31, 2022</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">GUARAN&#193;
      ANTARCTICA ZERO</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jan. 9,
      2006 to Jun. 15, 2020</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">128</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_131></A>
<a name="_bclPageBorder131"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader131"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">GUARAN&#193;
      CHAMPAGNE ANTARCTICA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Feb. 24,
      1992 to May 3, 2024</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks </FONT></P></TD></TR>
  <TR style="HEIGHT: 3.5pt">
    <TD style="HEIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="HEIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">GUARAN&#193;
      ANTARCTICA BLACK</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jan 09,
      2015 to Aug. 08, 2027</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">129</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_132></A>
<a name="_bclPageBorder132"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader132"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SODA
      LIMONADA ANTARCTICA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jun. 24,
      1988 to Sep. 11, 2020</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#193;GUA
      T&#212;NICA DE QUININO ANTARCTICA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Oct. 21,
      1991 to Jul. 6, 2023</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">130</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_133></A>
<a name="_bclPageBorder133"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader133"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SUKITA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jan. 22,
      1959 to Jul. 22, 2019</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">SUKITA
      ZERO</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Feb. 25,
      2010 to Jun. 20, 2027</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">131</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_134></A>
<a name="_bclPageBorder134"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader134"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">FUSION
      ENERGY DRINK</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jul. 08,
      2014 to Sep. 05, 2027</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CERVEJARIA COLORADO</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">May 23,
      2005 to Mar. 21, 2027</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">132</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_135></A>
<a name="_bclPageBorder135"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader135"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks (application granted on Jul. 18,
      2017)</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">WALS</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">10 years
      as from the application concession date</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">BARE</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Dec. 10,
      1976 to Dec. 25, 2020</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">133</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_136></A>
<a name="_bclPageBorder136"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader136"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks (application granted on Apr. 17,
      2017)</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CITRUS
      ANTARCTICA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">10 years
      as from the application concession date</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Trademarks </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">DO
      BEM</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Jul. 10,
      2015 to Nov. 21, 2027</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">It is
      incumbent on the INPI to decide on the registration of trademarks in
      Brazil. The Institute may deny the request for registration based on a
      court order, or upon opposition of third parties, if justified.
      Additionally, according to article 142 of LPI, other events may lead to
      loss of rights to the trademark, such as termination of effectiveness
      without request for renewal of the trademark on the due date (1 year
      before the expiration of the registration); total or partial waiver of
      rights by the holder; and cancellation, at the request of any person with
      legitimate interest, if the trademark has not been used in Brazil after 5
      years as from the registration date, or if its use has been interrupted
      for more than 5 years. Furthermore, in the administrative sphere, the
      registration may be declared as void by INPI, whether ex-officio or upon
      opposition of third parties, if the registration has been granted in
      disagreement with the applicable legislation. Finally, it is impossible to
      lose the rights to the trademark in the judicial sphere. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to the trademarks implies that it will not be possible to prevent
      third parties from using identical or similar trademarks to indicate even
      competing products or services, given that the holder no longer holds the
      right to exclusive use of the trademark. The possibility also exists of
      legal actions being filed against the holder in the criminal and civil
      spheres on the grounds of undue use in case of violation of third party&#8217;s
      rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">134</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_137></A>
<a name="_bclPageBorder137"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader137"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">ambev.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding domain maintenance; issue of court order; irregularities
      found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domain implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet domain. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">skol.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.8pt">
    <TD style="HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Skolbeats.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding domain maintenance; issue of court order; irregularities
      found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="76%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domain implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet domain. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">135</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_138></A>
<a name="_bclPageBorder138"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader138"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">brahma.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">antarctica.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">antarcticasubzero.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">136</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_139></A>
<a name="_bclPageBorder139"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader139"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">coronacerveja.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">budweiser.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">137</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_140></A>
<a name="_bclPageBorder140"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader140"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">stellartoisbrasil.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">bohemia.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">guaranaantarctica.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">138</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_141></A>
<a name="_bclPageBorder141"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader141"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">guarana.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">sukita.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">fusionenergydrink.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">139</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_142></A>
<a name="_bclPageBorder142"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader142"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.8pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Internet
      domain name</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Description</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Aguaama.com.br</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">1 year,
      renewed on a yearly basis</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Events
      that may cause loss of rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Through
      NIC.BR, it is incumbent on Brazil&#8217;s Internet Management Committee to
      decide on domain registration in the country. The cancellation of a domain
      name may take place when, among other reasons: holder&#8217;s express waiver
      through the relevant documentation required by NIC.br; non-payment of the
      amounts regarding dominium maintenance; issue of court order;
      irregularities found in the entity&#8217;s record data. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Consequences of the loss of
rights</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="times new roman">Loss of
      rights to domains implies that it will not be possible to use and/or
      prevent third parties from using identical or similar domains, given that
      the holder no longer holds the right to use this Internet dominium. The
      possibility also exists of legal actions being filed against the holder in
      the criminal and civil spheres on the grounds of undue use in case of
      violation of third party&#8217;s rights.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">140</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_143></A>
<a name="_bclPageBorder143"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader143"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 116%" face="times new roman">9.1.c &#8211; Equity
interests</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 4pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 27pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt; TEXT-INDENT: -1.7pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) Corporate Name and Corporate Taxpayer&#8217;s
      Registration Number (CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(ii) Principal Place of Business</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(iii) Principal Activities
    Conducted</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(iv) Equity Interest</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(v) Company</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(vi) Registration with CVM</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(vii) Equity interest book value (Shareholders&#8217;
      Equity) (in thousands of </FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(ix) Percentage appreciation/devaluation of equity
      interest relating to book value</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(xi) amount of dividends received in the past 3
      fiscal years (R$)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(Subsidiary/Affiliate)</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2016</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2015</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2016</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2015</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 29.25pt">
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">RPO Latam Estrat&#233;gia em Compras
      Ltda.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: 04.294.012/0001-27</FONT></P></TD>
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Avenida Antarctica, 1891 (parte),
      Fazenda Santa &#218;rsula - Jaguari&#250;na &#8211; SP &#8211; Brazil</FONT></P></TD>
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) Professional and management development
      training; (ii) Business management consulting activities, except for
      specific technical consulting; (iii) Intermediation activities and
      commissioning of services and business in general, except real estate;
      (iv) Provision of IT services other than those previously specified; (v)
      Information Technology consulting services; (vi) Express delivery
      services; (vii) Cargo commissioning, except sea transportation; (viii)
      Highway cargo transportation, except hazardous products and moves,
      municipal; (ix) Loading and unloading; (x) Purchase and sale of own real
      estate; (xi) Other commercial representatives and agents specializing in
      products other than those previously specified; (xii) Equity interest in
      other companies. </FONT></P></TD>
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">99.99%</FONT></P></TD>
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,531</FONT></P></TD>
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,178%</FONT></P></TD>
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">118%</FONT></P></TD>
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">41%</FONT></P></TD>
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 29.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR>
  <TR style="HEIGHT: 27pt">
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cervejaria ZX S.A.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: 01.131.570/0001-83</FONT></P></TD>
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Avenida Antarctica, 1891, Fazenda Santa
      &#218;rsula - Jaguari&#250;na &#8211; SP &#8211; Brazil</FONT></P></TD>
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) Manufacturing of beer and draft beer; (ii)
      cultivation of cereals, other than those previously specified; (iii)
      Manufacturing of food products other than those previously specified; (iv)
      Manufacturing of common ice; (v) Manufacturing of soft drinks; (vi)
      Wholesale trade of beer, draft beer, and soft drinks; (vii) Bars and other
      establishments specializing in serving beverages; (viii) Snack bars, tea
      houses, juice houses and the like; (ix) Manufacturing of miscellaneous
      products other than those previously specified; (x) Non-financial
      institution holding companies. </FONT></P></TD>
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">91.00%</FONT></P></TD>
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">86,227</FONT></P></TD>
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">119%</FONT></P></TD>
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">31%</FONT></P></TD>
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">22%</FONT></P></TD>
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">495,222</FONT></P></TD>
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">970,117</FONT></P></TD>
    <TD style="HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">141</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_144></A>
<a name="_bclPageBorder144"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader144"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 27pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt; TEXT-INDENT: -1.7pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) Corporate Name and Corporate Taxpayer&#8217;s
      Registration Number (CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(ii) Principal Place of Business</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(iii) Principal Activities
    Conducted</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(iv) Equity Interest</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(v) Company</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(vi) Registration with CVM</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(vii) Equity interest book value (Shareholders&#8217;
      Equity) (in thousands of </FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(ix) Percentage appreciation/devaluation of equity
      interest relating to book value</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(xi) amount of dividends received in the past 3
      fiscal years (R$)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(Subsidiary/Affiliate)</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2016</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2015</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2016</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2015</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 27pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Arosuco Aromas e Sucos Ltda.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: 03.134.910/0001-55</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Avenida Buriti, 5385, Distrito
      Industrial - Manaus &#8211; AM &#8211; Brazil</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) Manufacturing of other food products; (ii)
      Manufacturing of beer and draft beer manufacturing; (iii) Manufacturing of
      malt, including malt whisky; (iv) Grinding and manufacturing of plant
      origin; (v) Manufacturing of common ice; (vi) Manufacturing of industrial
      gases; (vii) Production of certified seeds; (viii) Wholesale trade of
      beer, draft beer and soft drinks, among other; (ix) Wholesale trade of
      machines and equipment, parts and pieces; (x) Wholesale trade of
      pesticides, manure, fertilizers and soil preparers; (xi) Experimental
      research and development in physical and natural sciences; (xii)
      Manufacturing and wholesale trade of metal packaging; (xviii) Sales
      promotion; (xiii) Market research and polls; (xiv) Equity interest in
      other companies.</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">99.70%</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,602,260</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">17%</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">31%</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3%</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,072,349,507</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,191,560,006</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">128,739,398</FONT></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B.Blend M&#225;quinas e Bebidas
      Ltda.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: 22.172.203/0001-06</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Rua Olimp&#237;adas, 66, 5&#186; andar, conjunto
      52, S&#227;o Paulo &#8211; SP &#8211; Brazil</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) Wholesale trade specializing in food products
      other than those previously specified; (ii) Retail trade specializing in
      parts and accessories for home appliances, other than IT and communication
      products; (iii) Wholesale trade of consumer electronics and home
      appliances; (iv) Retail trade specializing in home appliances and audio
      and video equipment; (v) Market research and polls. </FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">50.00%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 6pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Joint Venture</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">136,502</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">20%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">653,280</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Dahlen S.A.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: N/A</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Calle Juncal, 1305 piso 21 - Canelones
      - 02 Uruguay</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-financial institution holding
      companies</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100.00%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">311,842</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-14%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">47%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">142</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_145></A>
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<a name="_bclHeader145"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 27pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt; TEXT-INDENT: -1.7pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) Corporate Name and Corporate Taxpayer&#8217;s
      Registration Number (CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(ii) Principal Place of Business</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(iii) Principal Activities
    Conducted</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(iv) Equity Interest</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(v) Company</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(vi) Registration with CVM</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(vii) Equity interest book value (Shareholders&#8217;
      Equity) (in thousands of </FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(ix) Percentage appreciation/devaluation of equity
      interest relating to book value</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(xi) amount of dividends received in the past 3
      fiscal years (R$)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(Subsidiary/Affiliate)</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2016</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2015</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2016</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2015</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 43.5pt">
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Hohneck S.A.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: N/A</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Alsina 655, Piso 5&#186;, Ciudad Aut&#243;noma de
      Buenos Aires - Argentina</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-financial institution holding
      companies</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100.00%</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,812,100</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">9%</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">77%</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">34%</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Ambev Luxemburgo S.&#224; R.L</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: N/A</FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15 Breedewues - L1259 - Senningerberg &#8211;
      Luxembourg</FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-financial institution holding
      companies</FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100.00%</FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">37,538,275</FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1%</FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5%</FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">29%</FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,100,000,000</FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,190,091,750</FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,753,998,060</FONT></P></TD></TR>
  <TR style="HEIGHT: 43.5pt">
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Lambic Holding S.A.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: N/A</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Salguero 2835 4&#186; A - Ciudad Aut&#243;noma de
      Buenos Aires - Argentina</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-financial institution holding
      companies</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100.00%</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">787,663</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10%</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1%</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">22%</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 43.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR>
  <TR style="HEIGHT: 60pt">
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Lizar Administradora de Carteira de
      Valores Mobili&#225;rios Ltda.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: 56.022.585/0001-03</FONT></P></TD>
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Rua Dr. Renato Paes de Barros, 1.017,
      Edif&#237;cio Corporate Park, 3&#186; andar, conjuntos 31 e 32 (parte), Itaim Bibi,
      S&#227;o Paulo &#8211; SP &#8211; Brazil</FONT></P></TD>
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) Fund administration activities through
      agreement or commissioning; (ii) Other secondary financial services
      activities not specified above.</FONT></P></TD>
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">99.99%</FONT></P></TD>
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10,111</FONT></P></TD>
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-59%</FONT></P></TD>
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2%</FONT></P></TD>
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6%</FONT></P></TD>
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">23,732,690</FONT></P></TD>
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Malter&#237;a Pampa S.A.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: N/A</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Salguero 2835 4&#186; A, Ciudad Aut&#243;noma de
      Buenos Aires &#8211; Argentina</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 116%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The business purpose of Malter&#237;a Pampa S.A. is to
      produce malt for use in beer manufacturing. </FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">60.00%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,664,529</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">26%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">47,344,500</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Tenedora CND S.A.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: N/A</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Autopista 30 de Mayo, Distrito
      Nacional, Dominican Republic</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-financial institution holding
      companies</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">50.80%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,578,454</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-22%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">45%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">168,042,769</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Aspen Equities Corp.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: N/A</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Saffrey Square, Suite 205, Bank Lane -
      PO Box N-8188 - Nassau - Bahamas</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-financial institution holding
      companies</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100.00%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">615</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-1%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">143</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 27pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt; TEXT-INDENT: -1.7pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) Corporate Name and Corporate Taxpayer&#8217;s
      Registration Number (CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(ii) Principal Place of Business</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(iii) Principal Activities
    Conducted</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(iv) Equity Interest</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(v) Company</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(vi) Registration with CVM</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(vii) Equity interest book value (Shareholders&#8217;
      Equity) (in thousands of </FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(ix) Percentage appreciation/devaluation of equity
      interest relating to book value</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 27pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(xi) amount of dividends received in the past 3
      fiscal years (R$)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(Subsidiary/Affiliate)</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2016</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#000000 face="times new roman">2015</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2017</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2016</FONT></B></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2015</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Bebidas Fant&#225;sticas e Participa&#231;&#245;es
      Limitada</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: 24.398.780/0001-38</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Avenida Antarctica, 1.891 (parte),
      Fazenda Santa &#218;rsula, CEP 13820-000, city of Jaguari&#250;na, state of S&#227;o
      Paulo</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-financial institution holding
      companies</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">99.99%</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(14,436)</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-114%%</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0%</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Brahmaco International Ltd.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 2pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: N/A</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">28 Irish Town - Gibraltar</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-financial institution holding
      companies</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100.00%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">24,345</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cerveceria Nacional S de R.L</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: N/A</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Intersection of Avenida Ricardo J.
      Alfaro and Avenida Simon Bolivar</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Panama City, Panama</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Production and wholesale of beverages, such as
      beer, water, and effervescent, carbonated and malt beverages</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">99.00%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,808,503</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Jalua Spain S.L.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: N/A</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">C/Juan Vara Ter&#225;n, 14 - 38009 - Santa
      Cruz de Tenerife - Spain</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-financial institution holding
      companies</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100.00%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">5,050,439</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Ice Tea do Brasil Ltda.</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 2pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">CNPJ: 01.985.609/0001-20</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Rod. Dom Gabriel Paulino Bueno Couto,
      km. 66 &#8211; parte, Jundia&#237; &#8211; SP - Brazil</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 116%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) Manufacturing of refreshers, syrups and powder
      for refreshers, except fruit refreshers; (ii) Manufacturing of fruit,
      green and vegetable juices, except concentrates; (iii) Manufacturing of
      mate tea and other ready-to-drink teas; (iv) Manufacturing of other
      non-alcoholic beverages not mentioned above.</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">50.00%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 6pt; LINE-HEIGHT: 116%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Joint Venture</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 116%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">28,210</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">90%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="5%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">14%</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 18.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reasons for acquisition and maintenance of such
interest</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(For all business listed above)</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">All equity purchases made by the Company are based on
strategic decisions that are made by the management aiming at achieving the
corporate purpose stated in the Company&#8217;s by-laws.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Decisions regarding the purchase and maintenance of
equity are intended to boost our commercial and economic growth, whether through
the optimization of production and/or the performance of strategic investments.
The Company holds equity in certain inputs producing and trading companies. The
equity held in these companies is part of the Company&#8217;s strategy to optimize the
management of its production processes. The equity held in companies located
outside Brazil is part of the Company&#8217;s strategy to expand its activities
abroad. </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">144</FONT></P></DIV>
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<a name="_bclHeader147"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">9.2 &#8211; Other
material information</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable, since all material information has been provided in other
items.</FONT></P>
<P style="MARGIN: 0cm 122.55pt 10pt 49.65pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">145</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_148></A>
<a name="_bclPageBorder148"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader148"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.1&#8211; General financial and asset conditions
</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The financial information included in this section,
except if otherwise expressly set forth, refer to our consolidated financial
statements related to the fiscal years that ended on December 31, 2017, 2016 and
2015. Our audited financial statements were prepared in accordance with the
International Financial Reporting Standards (&#8220;IFRSs&#8221;), issued by the
International Accounting Standards Board - IASB, and in accordance with the
accounting practices adopted in Brazil, that comprehend the accounting practices
set forth in the Brazilian corporate legislation and the pronouncement, guidance
and interpretations issued by the Accounting Pronouncement Committee
(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Comit&#234; de Pronunciamentos Cont&#225;beis</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> &#8211; CPC) and approved by CVM. Our audited interim
consolidated financial statements were prepared in accordance with the IAS 34
Interim Financial Reporting issued by IASB and with the accounting practices
adopted in Brazil for the interim statements (Technical Pronouncement &#8211; CPC 21 &#8211;
&#8220;Interim Financial Information&#8221;).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The information under this item 10 of the Reference Form
must be read and analyzed together with our consolidated financial statements,
available at our website </FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Calibri,sans-serif>(</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=blue face=Calibri,sans-serif>ir.ambev.com.br</FONT></U><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">) and at the CVM&#8217;s website (</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">www.cvm.gov.br</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) General financial and asset
conditions.</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Executive Board understands that the Company presents
sufficient equity and financial conditions to implement its business plan and
perform its obligations of short and medium term. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the Company had total current
assets in the amount of R$ 24,718.0 million, of which R$ 10,354.5 million were
cash and cash equivalents. As of December 31, 2017, its current liabilities
totaled R$ 28,688.5 million. The current liquidity ratio, used to assess the
capacity of the Company to meet its short-term commitments, was
0.9x.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the Company had total current
assets in the amount of R$23,886.8 million, of which R$7,876.8 million were cash
and cash equivalents, while current liabilities amounted to R$28,773.6 million
on December 31, 2016. The current liquidity ratio, used to assess the Company&#8217;s
capacity to meet its short-term commitments, was 0.8x.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2015, the Company had total current
assets in the amount of R$28,314.5 million, of which R$13,620.2 million were
cash and cash equivalents, while current liabilities amounted to R$30,141.9
million on December 31, 2015. The current liquidity ratio, used to assess the
Company&#8217;s capacity to meet its short-term commitments, was
0.9x.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As seen above, the Company&#8217;s current liquidity ratio
remained stable year on year, at around 1, thus confirming its ability to meet
its short-term obligations. In other words, its short-term assets are very close
to its short-term obligations. </FONT></FONT></P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">146</FONT></P></DIV>
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<a name="_bclHeader149"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 1.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in million of Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2017</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2016</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2015</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 1.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total Current Assets</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24,718.0</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">23,886.8</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,314.5</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 1.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total Current Liabilities</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,688.5</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,773.6</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,141.9</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 1.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Working Capital Ratio
    (CA-CL)</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,970.5)</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(4,886.8)</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,827.4)</FONT></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Capital structure.</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 13.25pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top rowSpan=3 width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Capital Structure</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="84%" colSpan=6>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On December 31,</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.25pt">
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="28%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="27%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.25pt">
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ million</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ million</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ million</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.25pt">
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Third-party
      financing<SUP>(1)</SUP></FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">38,869.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">45</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37,190.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">44</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">39,842.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">44</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.25pt">
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Equity<SUP>(2)</SUP></FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">47,982.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">55</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">46,651.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">56</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50,333.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">56</FONT></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><SUP><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;(1)</FONT></B></FONT></SUP><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s third-party financing is represented by the
totality of the current and non-current liabilities.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><SUP><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2)</FONT></FONT></SUP><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;The Company&#8217;s equity is represented by the
consolidated owner&#8217;s equity.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s capital structure was the following: (i) as
of December 31, 2015, 56% of equity and 44% of third-party financing; (ii) as of
December 31, 2016, 56% of equity and 44% of third-party financing; and (iii) as
of December 31, 2017, 55% of equity and 45% of third-party
financing.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Additionally, its cash position net of bank overdrafts
and cash net of debt during the same period behaved as follows: (i) as of
December 31, , 2015 &#8211; cash net of bank overdrafts of R$13,617.6 million and cash
net of debt of R$10,018.1 million; (ii) as of December 31, 2016 - cash net of
bank overdrafts of R$7,876.8 million and cash net of debt of R$2,480.5 million;
and (iii) as of December 31, 2017 &#8211; cash net of bank overdrafts of R$ 10,352.7
million and cash net of debt of R$ 7,801.5 million.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The level of net debt maintained throughout recent years
is adequate to allow the Company to implement its business plan and meet its
short and medium-term obligations.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) payment capacity in relation to financial commitments
undertaken.</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="MARGIN-BOTTOM: 7.75pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 20.7pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 20.7pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="52%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in million of Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 20.7pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2017</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 20.7pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2016</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 20.7pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2015</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.9pt">
    <TD style="HEIGHT: 13.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="52%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total debt</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,533.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,396.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,599.5</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.9pt">
    <TD style="HEIGHT: 13.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="52%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Short-term debt</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,321.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,630.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,282.6</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.9pt">
    <TD style="HEIGHT: 13.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="52%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total current assets</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24,718.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">23.886,8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,314.5</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.4pt">
    <TD style="HEIGHT: 13.4pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="52%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cash and cash equivalents</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.4pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,354.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.4pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,876.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.4pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,620.2</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.6pt">
    <TD style="HEIGHT: 13.6pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="52%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Current liquidity ratio</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.6pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.9x</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.6pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.8x</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.6pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.9x</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.6pt">
    <TD style="HEIGHT: 13.6pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="52%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cash net of debt</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.6pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,801.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.6pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,480.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.6pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,018.1</FONT></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Considering the Company&#8217;s debt profile, as described in
10.1(f) below (total debt of R$ 2,553.0 million as of December 31, 2017, of
which R$ 1,321.1 million is short-term debt), its cash flow and liquidity
position evidenced by total current assets (R$ 24,718.0 million), cash and cash
equivalents (R$ 10,354.5 million), current liquidity ratio (0.9x) and cash net
of debt (R$ 7,801.5 million), all as of December 31, </FONT></FONT><a name="page_150"></a><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017, indicated in 10.1 (a) above, the directors believe
that the Company has sufficient liquidity and capital resources to cover the
investments, costs, expenses, debts and other amounts payable over the next few
years, although they cannot guarantee that this situation will remain unchanged.
In case it may be necessary to take out new loans to finance its investments and
acquisitions, the directors believe that the Company has capacity to do
so.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">147</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_150></A>
<a name="_bclPageBorder150"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader150"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Considering the Company&#8217;s debt profile, as described in
10.1(f) below (total debt of R$5,396.3 million as of December 31, 2016, of which
R$3,630.6 million is short-term debt), its cash flow and liquidity position
evidenced by total current assets (R$23,886.8 million), cash and cash
equivalents (R$7,876.8 million), current liquidity ratio (0.8x) and cash net of
debt (R$2,480.5 million), all as of December 31, 2016, indicated in 10.1 (a)
above, the directors believe that the Company has sufficient liquidity and
capital resources to cover the investments, costs, expenses, debts and other
amounts payable over the next few years, although they cannot guarantee that
this situation will remain unchanged. In case it may be necessary to take out
new loans to finance its investments and acquisitions, the directors believe
that the Company has capacity to do so.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Considering the Company&#8217;s debt profile, as described in
10.1(f) below (total debt of R$3,599.5 million as of December 31, 2015, of which
R$ 1,282.6 million is short-term debt), its cash flow and liquidity position
evidenced by total current assets (R$28,314.5 million), cash and cash
equivalents (R$13,620.2 million), current liquidity ratio (0.9x) and cash net of
debt (R$10,018.1 million), all as of December 31, 2015, indicated in 10.1 (a)
above, the directors believe that the Company has sufficient liquidity and
capital resources to cover the investments, costs, expenses, debts and other
amounts payable over the next few years, although they cannot guarantee that
this situation will remain unchanged. In case it may be necessary to take out
new loans to finance its investments and acquisitions, the directors believe
that the Company has capacity to do so.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) sources of financing for working capital and
investments in non-current assets used.</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s working capital cycle has substantially
evolved every year since 2014, and as of December 31, 2017, 2016 and 2015, it
reported a negative working capital, meaning that there is no need to raise new
loans to finance working capital. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">With regard to investments in non-current assets, the
Company&#8217;s current cash position and the expected cash flow generation are
sufficient to cover these investments. In any case, the Company has wide access
to funding sources should there be an occasional need for supplemental cash
funding for such investments.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) sources of financing for working capital and for
investments in non-current assets that it intends to use to cover liquidity
shortfalls.</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company has access to credit facilities extended by
leading Brazilian and foreign banks, and has already raised funds in domestic
and international capital markets. The Company&#8217;s current investment grade rating
issued by key international rating agencies facilitates its access to additional
financing arrangements that could be used to compensate any potential liquidity
shortcomings. The Company has a Baa3 risk credit by Moody`s and BBB by
S&amp;P</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">148</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_151></A>
<a name="_bclPageBorder151"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader151"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) levels of indebtedness and characteristics of
debts.</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i. relevant financing and loan
agreements</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Please, find below additional information related to each
one of the fiscal years that ended on December 31, 2017, 2016 and
2015:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company's debt was structured in a manner to avoid
significant concentration of maturities in each year and is tied to different
interest rates. The most significant rates are: (i) fixed rate for the Bond 2021
and BNDES/FINEP; (ii) Long-Term Interest Rate (TJLP) to loans from Brazilian
Bank of Economic and Social Development (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">BNDES</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;); (iii) reference interest rate (TR) for the CRI 2030
operation; and (iv) floating rate (Libor and CAD BA) for international
loans.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the Company was in compliance
with its contractual obligations for its loans and financings and with any
applicable borrowing limits.</FONT></FONT></P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">149</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_152></A>
<a name="_bclPageBorder152"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader152"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debt Profile &#8211; December 31, 2017</FONT></B></FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debt Instruments</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2018</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2019</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2020</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2021</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2022</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">After</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">TJLP BNDES debt or TR floating
      rate</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Par Value</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">164,7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">74,3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">133,0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">402,3</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 27.05pt">
    <TD style="HEIGHT: 27.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">TJLP or TR&nbsp; + Average Pay
      Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 27.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 27.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 27.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 27.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 27.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 27.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 27.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,2%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">International Debt</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other Latin-American currencies floating
      rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.0</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other Latin-American currencies fixed
      rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">199.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">199.1</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">US dollar &#8211; fixed rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16,4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22,9</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">US dollar &#8211; floating rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">78,2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">477,0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">555,3</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canadian dollar &#8211; floating
rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">685,9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">685,9</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debt in Reais - ICMS fixed
      rate</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Par Value</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">38,4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27,0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">33,2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">129,9</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debt in Reais - fixed rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Par Value</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">148,3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">129,4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">48,2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">147,7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">43,5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35,7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">552,7</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11,2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,6%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total indebtedness</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.321,1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">724,1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">82,4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">165,5</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">58,0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">201,9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.553.0</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">150</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_153></A>
<a name="_bclPageBorder153"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader153"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company's debt was structured in a manner to avoid
significant concentration of maturities in each year and is tied to different
interest rates. The most significant rates are: (i) fixed rate for the Bond
2017, Bond 2021 and BNDES/FINEP; (ii) basket of currencies (UMBNDES) and
Long-Term Interest Rate (TJLP) to loans from BNDES; and (iii) reference interest
rate (TR) for the CRI 2030 operation</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the Company was in compliance
with its contractual obligations for its loans and financings and with any
applicable borrowing limits.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debt Profile &#8211; December 31, 2016</FONT></B></FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.5pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debt Instruments</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2018</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2019</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2020</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2021</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">After</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">BNDES Basket Debt floating
      rate</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">BNDES Basket Debt floating
rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.7</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">UMBNDES + Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">TJLP BNDES Debt floating
    rate</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Par Value</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">216.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">163.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">73.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">142.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">614.8</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">TJLP + Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">International Debt</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other Latin-American currencies floating
      rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.9</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other Latin-American currencies fixed
      rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">114.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">193.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">39.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">347.0</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.9%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">US dollar &#8211; fixed rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.5</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">US dollar &#8211; floating rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.508.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">329.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.860.1</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.5%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canadian dollar &#8211; floating
rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,259.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,259.1</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.6%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debt in Reais - ICMS fixed
      rate</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Par Value</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">33.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">112.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">32.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">129.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">378.2</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,4%</FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,6%</FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,19%</FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,2%</FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,5%</FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,5%</FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,1%</FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debt in Reais - fixed rate</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Par Value</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">476.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">134.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">97.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">124.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">38.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">898.1</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.9%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total indebtedness</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,630.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">932.5</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">239.9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">73.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">169.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">350.7</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,396.3</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">151</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_154></A>
<a name="_bclPageBorder154"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader154"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company's debt was structured in a manner to avoid
significant concentration of maturities in each year and is tied to different
interest rates. The most significant rates are: (i) fixed rate for the Bond
2017; and (ii) basket of currencies (UMBNDES) and Long-Term Interest Rate (TJLP)
to loans from BNDES.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2015, the Company was in compliance
with its contractual obligations for its loans and financings and with any
applicable borrowing limits.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debt Profile &#8211; December 31, 2015</FONT></B></FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.55pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debt Instruments</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2018</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2019</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2020</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">After</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">BNDES Basket Debt floating
      rate</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">BNDES Basket Debt floating
rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">131.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">159.0</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">UMBNDES + Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.74%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">TJLP BNDES Debt floating
    rate</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Par Value</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">426.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">198.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">144.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">60.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">830.5</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">TJLP + Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">International Debt</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other Latin-American currencies fixed
      rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">177.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">240.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">417.5</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">US dollar &#8211; fixed rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.7</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">US dollar &#8211; floating rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">379.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">448.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">852.5</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debt in Reais - ICMS fixed
      rate</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Par Value</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">31.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">46.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">182.0</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.6%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debt in Reais - fixed rate</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">&nbsp;</TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Par Value</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">133.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">423.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">136.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">103.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">31.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">313.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,142.3</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Pay Rate</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 19.55pt">
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total indebtedness</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,282.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,372.3</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">316.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">207.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">45.1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">376.1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 19.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,599.5</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">152</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_155></A>
<a name="_bclPageBorder155"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader155"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ii. other long-term relations with financial
institutions</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company has other long-term relations with financial
institutions, such as payroll agreements, derivative operations and guarantee
agreements.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">iii. subordination degree among the debts
</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the years ended on December 31, 2017, 2016 and 2015,
the Company's loans had equal rights to payment without subordination clauses.
Except for the credit lines due to FINAME contracted by the Company with BNDES,
where collateral is provided on assets acquired with the credit granted which
serve as collateral; other loans and financing contracted by the Company provide
only personal guarantees as collateral, or are unsecured.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">iv. any restrictions imposed to the issuer, specially
concerning the limit of indebtedness and contracting of new debts, the
distribution of dividends, the sale of assets, the issue of new securities and
the sale of the corporate control, as well as if those restrictions are being
complied with by the issuer </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the years ended on December 31, 2017, 2016 and 2015,
the Company's loans had equal rights to payment without subordination clauses.
Except for the credit lines due to FINAME contracted by the Company with BNDES,
where collateral is provided on assets acquired with the credit granted which
serve as collateral; other loans and financing contracted by the Company provide
only personal guarantees as collateral, or are unsecured. Most of the loan
contracts contain financial covenants including:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial covenants, including limitation to new
indebtedness;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cross Default;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Certification/Guarantee of the Company's
existence;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Maintenance, in use or in good conditions for business,
of properties and assets of the Company;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Limitation for conducting transactions for acquisition,
merger, sale or disposition of its assets;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Disclosure of financial statements and balance sheets, as
required by the Brazilian and international account standards;
and/or</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Prohibition related to collateral on new debts
undertaken, except if: (i) expressly authorized pursuant to that loan agreement;
(ii) in new debts undertaken before the Brazilian Government-related financial
institutions &#8211; including the BNDES &#8211; or foreign governments, irrespectively of
they are multilateral financial institutions (for example, the World Bank) or
located in jurisdictions in which the Company carries on its
activities.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">These clauses apply to the extent that the events
mentioned produce material adverse effects on the Company and / or its
subsidiaries or the rights of its creditors, and, in the event of a breach, the
Company is granted a grace period to cure such default.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Additionally, all agreements entered into with the BNDES
are subject to certain &#8220;provisions applicable to agreements entered into with
the BNDES&#8221; (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;). Such Provisions require the borrower, to obtain prior
consent of BNDES if they, for instance, wish to: (i) raise new loans (except for
loans described in the Provisions); (ii) give preference and/or priority to
other debts; and/or (iii) dispose of or encumber any item of their fixed assets
(except as provided for in the Provisions).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g) borrowing limits contracted and percentages
utilized</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the Company had loans with
BNDES, FINEP and FINAME credit facilities </FONT></FONT><a name="page_156"></a><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">and other lines of credit with private banks, in the
amount of R$5,877.9 million. Of this total, R$5,531.9 million (94%) are being
used, with R$ 346,0 million (6%) still available.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">153</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_156></A>
<a name="_bclPageBorder156"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader156"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h) significant changes to each item of the Financial
Statements</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The following table shows the amounts outstanding on the
Company balance sheet for the periods indicated.</FONT></FONT></P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">154</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_157></A>
<a name="_bclPageBorder157"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader157"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">BALANCE SHEET</FONT></B></FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in million of Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="40%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="60%" colSpan=3>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">December 31,</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Assets</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cash and cash equivalents</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,354.5 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,876.8 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,620.2 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Short-term investments</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;11.9 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">282.8 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">215.1 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial
    instruments</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">350.0 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">196.6 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,512.4 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Trade receivables</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,944.8 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,368.1 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,165.7 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Inventories</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,319.0 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,347.1 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,338.2 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Taxes and social contribution
      receivable</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,770.4 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35,423.3 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,194.9 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other assets</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,367.2 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,392.1 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,268.0 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Current Assets</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24,718.0 </FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">23,886.8</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,314.5</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial Investments</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">122.0 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">104.3 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">118.6 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial
    instruments</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35.2 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.3 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">51.4 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Taxes and social contribution
      receivable</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,537.7 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">347.7 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">892.8 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Deferred income tax and social
      contribution</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,279.3 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,268.2 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,749.9 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other assets</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,964.4 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,973.6 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,140.2 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Employee Benefits</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">58.4 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">33.5 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.6 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Investments</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">238.0 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">300.1 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">714.9 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Property, plant and equipment</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18,822.3 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,153.8 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,140.1 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Intangible assets</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,674.7 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,245.9 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,092.2 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Goodwill</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">31,401.9 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,511.2 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,953.1 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-current assets</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">62,133.9 </FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">59,954.6 </FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">61,861.8 </FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total assets</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">86,851.9 </FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">83,841.4</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">90,176.3</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Liabilities and shareholders&#8217;
      equity</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts payable</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11,854.0 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,868.8 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11,833.7 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial
    instruments</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">215.1 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">686.4 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,673.0 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Loans and financing</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,321.1 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,630.6 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,282.6 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 10.7pt">
    <TD style="HEIGHT: 10.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bank overdrafts</FONT></FONT></P></TD>
    <TD style="HEIGHT: 10.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 10.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.8 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 10.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- </FONT></FONT></P></TD>
    <TD style="HEIGHT: 10.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.5 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Salaries and charges</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,047.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">686.6 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">915.6 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.95pt">
    <TD style="HEIGHT: 9.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Dividends and interest on shareholders&#8217; equity
      payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,778.6 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,714.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">598.6 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.45pt">
    <TD style="HEIGHT: 11.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Income tax and social contribution
      payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,668.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">904.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,245.3 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 12.25pt">
    <TD style="HEIGHT: 12.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Taxes, charges and contributions
      payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 12.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,825.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 12.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,378.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 12.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,096.8 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 10pt">
    <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Put option granted on interest in controlled
      company and other liabilities</FONT></FONT></P></TD>
    <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,807.9 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,735.8 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,370.7 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">169.0 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">168.6 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">123.1 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Current liabilities</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,688.5 </FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,773.6 </FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,141.9 </FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">175.1 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">237.8 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">110.1 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.95pt">
    <TD style="HEIGHT: 9.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial
    instruments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27.0 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">145.1 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Loans and financing</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,231.9 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,765.7 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,316.9 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 20.85pt">
    <TD style="HEIGHT: 20.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Deferred income tax and social
      contribution</FONT></FONT></P></TD>
    <TD style="HEIGHT: 20.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 20.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,329.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 20.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,329.7 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 20.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,473.6 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 14.05pt">
    <TD style="HEIGHT: 14.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Income tax and social contribution payable
      (i)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 14.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,418.0 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 14.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 14.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Taxes, charges and contributions
      payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">771.6 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">681.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">910.0 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.2pt">
    <TD style="HEIGHT: 9.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Put option granted on interest in controlled
      company and other liabilities </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">429.1 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">471.8 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,023.6 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">512.6 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">765.4 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">499.5 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Employee benefits </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,310.7 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,137.7 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,221.9 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-current liabilities</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,180.6 </FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,416.5 </FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,700.7 </FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total liabilities </FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">38,869.1</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37,190.1</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">39,842.6</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shareholders&#8217; equity</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Capital Stock</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">57,614.1 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">57,614.1 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">57,614.1 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reserves</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63,361.2 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">64,230.0 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">62,574.8 </FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Equity Valuation Adjustment</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(74,966.5)</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(77,019.1)</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(71,857.0)</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Controlling shareholders&#8217;
      interest</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">46,008.8 </FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">44,825.0</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">48,331.9</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-controlling interest</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,974.0 </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,826.3</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,001.8</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total shareholders&#8217; equity</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">47,982.8 </FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">46,651.3</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50,333.7</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="2%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%" align=left>
      <P style="MARGIN: 0cm 0cm 0pt" align=left><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%" align=left>
      <P style="MARGIN: 0cm 0cm 0pt" align=left><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%" align=left>
      <P style="MARGIN: 0cm 0cm 0pt" align=left><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total liabilities and shareholders&#8217;
      equity</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%" align=left>
      <P style="MARGIN: 0cm 0cm 0pt" align=left><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">86,851.9</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%" align=left>
      <P style="MARGIN: 0cm 0cm 0pt" align=left><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">83,841.4</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%" align=left>
      <P style="MARGIN: 0cm 0cm 0pt" align=left><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">90,176.3</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">155</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_158></A>
<a name="_bclPageBorder158"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader158"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) During the third quarter of 2017, the Company adhered
to the Tax Regularization Special Program [</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programa Especial de Regulariza&#231;&#227;o
Tribut&#225;ria</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">] (&#8220;PERT 2017&#8221;).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For additional information on the accounting practices
adopted by the Company, see section 10.5. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Comparative analysis of Balance Sheets as of December 31,
2017 and December 31, 2016</FONT></U></B></FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in million of Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, except percentages)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="41%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="67%" colSpan=5>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">December 31,</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vertical</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variation</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vertical Analysis</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Analysis</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016/2015</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Assets </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cash and cash equivalents</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,354.5 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.9%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,876.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">31.5%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial investments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.9 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">282.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-95.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial instruments
    </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">350.0 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">196.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">78.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts receivable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,944.8 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,368.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.2%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Inventories</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,319.0 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,347.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-0.6%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Tax and social contribution
      receivable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,770.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,423.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-48.9%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other assets</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,367.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,392.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-1.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Current assets</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24,718.0 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28.5%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">23,886.8</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28.5%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.5%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial investments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">122.0 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">104.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial
    instruments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">116.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Tax and contributions
    receivable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,537.7 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">347.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">565.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Deferred income and social contribution
      taxes</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,279.3 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,268.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-90.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other assets</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,964.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,973.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-0.5%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Employee benefits</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">58.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">33.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">74.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Investments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">238.0 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">300.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-20.7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Property, plant and equipment</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18,822.3 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,153.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-1.7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Intangible assets</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,674.7 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,245.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-10.9%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Goodwill</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">31,401.9 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">36.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,511.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">36.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.9%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-current assets</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">62,133.9 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">71.5%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">59,954.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">71.5%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.6%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total assets</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">86,851.9 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">83,841.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.6%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Liabilities and shareholders&#8217;
      equity</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11,854.0 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,868.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial instruments
    </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">215.1 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">686.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-68.7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Loans and financing</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,321.1 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,630.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-63.6%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Overdraft account</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.8 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Salaries and charges</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,047.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">686.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">52.5%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Dividends and interest on shareholders&#8217; equity
      payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,778.6 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,714.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;Income and social contribution taxes
      payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,668.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">904.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">84.5%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Taxes, charges and contributions
      payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,825.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,378.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.2%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Put option granted on interest in controlled
      company and other liabilities</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,807.9 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,735.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">169.0 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">168.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.2%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Current liabilities</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,688.5 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">73.8%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,773.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">77.4%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-0.3%</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">156</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_159></A>
<a name="_bclPageBorder159"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader159"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">175.1 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">237.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-26.4%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial instruments
    </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-91.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Loans and financing</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,231.9 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,765.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-30.2%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Deferred income and social contribution
      taxes</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,329.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,329.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Income tax and social contribution payable
      (i)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,418.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Taxes, charges and contributions
      payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">771.6 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">681.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.2%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Put option granted on interest in controlled
      company and other liabilities</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">429.1 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">471.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-9.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">512.6 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">765.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-33.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Employee benefits</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,310.7 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.9%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,137.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-current liabilities</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,180.6 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">26.2%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,416.5</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.6%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21.0%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total liabilities</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">38,869.1 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37.190,1 </FONT></B></FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100,0%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,5%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shareholders&#8217; equity</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Capital stock</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">57,614.1 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">66.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">57,614.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">68.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reserves</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63,361.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">73.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">64.230.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">76.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-1.4%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Adjustment to equity valuation</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(74,966.5)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-86.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(77,019.1)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-91.9%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-2.7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Controlling shareholders&#8217;
      equity</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">46,008.8 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">53.0%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">44,825.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">53.3%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.6%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Minority interests</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,974.0 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,826.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total shareholders&#8217; equity</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">47.982,8 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">55.2%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">46,651.3</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">55.6%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.9%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15.2pt">
    <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total liabilities and shareholders&#8217;
      equity</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">86,851.9 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">83,841.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.6%</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) During the third quarter of 2017, the Company adhered
to the &#8220;PERT 2017.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Assets</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cash and cash equivalents</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the balance of cash and cash
equivalents and short-term investments totaled R$ 10,366.4 million compared to
R$ 8,159.6 million as of December 31, 2016. The increase of R$ 2,206.8 million
or 27.0%% is primarily due to (i) a stronger operating performance; (ii)
improvement of working capital, mainly due to a significant increase in accounts
payable and other accounts payable; (iii) a relevant decrease in income tax and
social contribution paid in 2017; and (iv) lower amounts in acquisition of
property, plant and equipment and intangible assets and of subsidiaries, net of
acquired </FONT></FONT><a name="page_160"></a><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">cash.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">157</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_160></A>
<a name="_bclPageBorder160"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader160"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts receivables</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the balance of receivables
totaled R$4,944.8 million, compared to R$4,368.1 million on December 31, 2016,
an increase of R$576.8 million, or 13.2%, mainly as a result of the increase of
our net revenue by hectoliter of 8.5% in 2017, together with an increase of 0.9%
of the sale consolidated volume in the year.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Inventories</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the inventories balance totaled
R$4,319.0 million compared to R$4,347.1 on December 31, 2016. The decrease of R$
28.1 million or 0.6% is demonstrated below:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in million of Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="50%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Finished goods </FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,528.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,445.5</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="50%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Work in progress</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">309.6 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">328.5</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="50%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Raw material</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,816.3 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,962.7</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="50%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Consumables</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">77.3 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50.0</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="50%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Storeroom and other</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">476.9 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">447.2</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="50%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Prepayments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">210.9 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">234.5</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="50%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Impairment losses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(100.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(121.3)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="33%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,319.0 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,347.1</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Income tax and social contribution
receivable</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the balance of current and
non-current taxes and contributions receivable totaled R$ 5,908.2 million
compared to R$5,771.0 million, as of December 31, 2016. The increase was due
mainly to the accumulation of tax credits from overseas to be offset in future
years.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Property, plant and equipment</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the balance of property, plant
and equipment totaled R$ 18,822.3 million compared to R$19,153.8 million on
December 31, 2016. The change that resulted in a net decrease of R$331.5
million, or 1.7%, is demonstrated in the table below:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.7pt">
    <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in million of Reais</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="63%" colSpan=5>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 16.6pt">
    <TD style="HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Acquisition cost</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Land and buildings</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Plant and</FONT></B></FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">equipment</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fixtures and fittings</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Under construction</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.7pt">
    <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Initial balance</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,330.2</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22,764.3</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,584.2</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,740.7</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37,419.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">36,685.6</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Effect of movements in foreign
      exchange</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(27.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,652.7)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 17.15pt">
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Business combinations</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">228.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(24.7)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">204.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">700.4</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Acquisitions through share
      exchange</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">433.9</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Write-off through share
    exchange</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- </FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(571.4)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Acquisitions</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">626.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">171.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,367.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,175.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,009.3</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Disposals</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(25.9)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(555.5)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(125.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(706.8)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,012.7)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 17.15pt">
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Transfers from (to) other asset
      categories</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">415.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,657.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">473.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,857.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(310,9)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(173.0)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.7pt">
    <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="24%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">36.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1.2)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35,0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Balance at end</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,961.9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24,538.8</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,076.5</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,257.9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">39,835.1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37,419.4</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD width="24%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">158</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_161></A>
<a name="_bclPageBorder161"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader161"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="40%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Depreciation and
Impairment</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11.7pt">
    <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Initial Balance</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,278.2)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(13,075.3)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,912.1)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.6pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.55pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(18,265.6)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(17,545.5)</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Effect of movements in foreign
      exchange</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(12.1)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(104.9)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.6pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(116.7)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,137.1</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 17.15pt">
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Write-off through share
    exchange</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.6pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">345.9</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Depreciation</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(299.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,245.5)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(655.9)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.6pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,200.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,083.8)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 17.15pt">
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Impairment losses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(125.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(0.2)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.6pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(125.2)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(120.9)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Disposals</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">539.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">109.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.6pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">654.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">928.8</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 17.15pt">
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Transfers from (to) other asset
      categories</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1.9)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.6pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">33.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">61.4</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.7pt">
    <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.6pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.4</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Balance at end</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,585.9)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(14,973.7)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,453.2)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.6pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(21,012.8)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(18,265.6)</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Carrying amount:</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.6pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">December 31, 2016</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,052.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,689.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,672.1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.6pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,740.7</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,153.8</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,153.8</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">December 31, 2017</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,376.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,565.1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,623.3</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1.6pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,257.9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18,822.3</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD width="23%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Intangible Assets</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the intangible assets balance
totaled R$ 4.674,7 million compared to R$ 5,245.9 million on December 31, 2016.
The net decrease of R$ 571.2 million, or 10.9%, is primarily due to currency
conversion.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Goodwill</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the goodwill balance totaled R$
31,401.9 million compared to R$30,511.2 million on December 31, 2016.&nbsp; The
movement that resulted in a net increase of R$890.7 million is demonstrated in
the table below:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.05pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Initial Balance</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,511.2</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,953.1</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Effect of movements in foreign
      exchange</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">489.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,388.9)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Acquisition of Subsidiaries</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">401.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,947.0</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Balance at end</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">31,401.9</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,511.2</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Liabilities</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts payables</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the balance accounts payable
totaled R$ 11,854.0 million compared to R$10,868.8 on December 31, 2016, an
increase of R$ 985.2 million or 9.1%.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest-bearing loans and
borrowings</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Current and non-current interest-bearing loans and
borrowings totaled R$ 2,553.0 million as of December 31, 2017 compared to
R$5,396.3 million as of December 31, 2016, a decrease of R$ 2,843.3 million, or
-52.7% in gross indebtedness in the fiscal year ended December 31, 2017.
</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">159</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Income tax and social contribution</FONT></U></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the balance of current and non-current income tax and social contribution totaled R$ 4,086.4 million compared to R$904.2 million on December 31, 2016. The increase of R$ 3,182.2 million, or 351.9%, was primarily due to the adhesion to the PERT 2017.&nbsp; As announced on September 29, 2017, the Company adhered to a tax regularization special program, concerning disputed tax contingencies, including contingencies related to the income tax and social contribution on profits. The total amount to be paid is of approximately R$ 3.5 billion, of which, approximately, R$ 1.0 billion was already paid in 2017 and the remaining amount will be paid in 145 monthly installments as of January 2018, with interest. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In addition, the balance of the income tax and social contribution is also a result of a higher effective tax rate, which in 2017 was of 39.3% compared to an effective tax rate of 2.4% in 2016. The main events that took place in the period and that caused an impact on the effective rate were:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- Governmental subsidy related to taxes on sales: the reduction of the tax expenses reflects the deductibility of the subsidies for investment arising out of deferred or presumed credits on ICMS.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- Benefit of deductibility of interest on net equity (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">JCP</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;): according to the Brazilian legislation, the companies can opt to distribute JCP calculated based on the Long-Term Interest Rate (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">TJLP</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;), which is deductible for income tax purposes under the applicable legislation, whose amount distributed until the date hereof was of R$4,869,768, of which R$4,850,124 are deductible, and the tax impact is of R$1,649,042.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- Withholding income tax on dividends: change explained by two main factors, which are (i) the total reversion of provision related to withholding tax on undistributed results of subsidiaries in Argentina in 2016 due to a change in the legislation that exempts the payment of dividends from withholding tax, in the negative amount of R$240 million; and (ii) the creation of provision and effect of the change in the exchange rate in relation to the withholding tax on the unshared results of the Canadian subsidiaries, whose amount is of, approximately R$145 million, as opposed to&nbsp; the amount of approximately R$5 million in the same previous period.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- Non-recurring expenses: (i) the contingences covered by PERT 2017 include a suit in which it was under discussion the assessment of the corporate income tax and of the social contribution on net income by the presumptive profit method by the CRBS S.A. subsidiary. The total amount recognized as expense after the provisional presidential decree No. 783/2017 was voted into law was of R$2,926 million (principal and fine), being R$2,785 million as non-recurring expense in the income tax and R$141 million as financial result, and (ii) a non-recurring expense, without cash effect, of approximately R$510 million, related to the tax effects on the exchange change rate on loans among companies of the same group, which were historically reported in the owners&#8217; equity and were reclassified to the result in the 4<SUP>th</SUP> quarter of 2017 upon the reimbursement of said loans.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Adjusted by these non-recurring tax adjustments, the effective tax rate was of 12.8% in 2017.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Equity</FONT></U></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the equity totaled R$47,982.8 million compared to R$46,651.3 million on December 31, 2016. The main reasons for the change in equity were: (i) profit for the year of R$7,850.5 million; (ii) gains in shareholders&#8217; equity due to the conversion of overseas operations, for a total of R$1,952.3 million, and (iii) distribution of dividends and JCP of R$8,913.7 million. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">160</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Deferred income tax and social contribution (Assets and Liabilities)</FONT></U></B></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2017, the balance of deferred tax (assets and liabilities) totaled R$49.9 million in liabilities compared to R$ 61.6 million in liabilities on December 31, 2016. The change of R$ 11.7 million is described in the tables below, which contain a breakdown of deferred tax according to the origin of temporary difference.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in million of Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="54%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Assets</FONT></B></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Liabilities</FONT></B></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net</FONT></B></FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial investments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">39.0</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">39.0</FONT></FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Intangible assets</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(719.5)</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(719.5)</FONT></FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Employee benefits</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">631.1</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">631.1</FONT></FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts payable &#8211; currency variation</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,382.4</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(314.2)</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,068.2</FONT></FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts receivable</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">52.3</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">52.3</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivatives</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(5.8)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.0</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Loans and financing</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Inventories</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">248.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(18.1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">230.6</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Property. plant and equipment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(920.5)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(920.5)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Withholding tax on undistributed dividends</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(788.6)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(788.6)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Investments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(421.6)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(421.6)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Tax credits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">501.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">501.0</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">347.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(39.7)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">307.6</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other items</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(30.5)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(30.5)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Gross deferred tax assets / (liabilities)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,208.6</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,258.5)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(49.9)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Offsetting</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(929.3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">929.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net deferred tax assets / (liabilities)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,279.3</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,329.2)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(49.9)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in million of Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="54%" colSpan=3>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016 </FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;Assets </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;Liabilities </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;Net </FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial investments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.0</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Intangible assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(733.9)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(733.2)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Employee benefits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">467.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">467.6</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts payable &#8211; currency variation</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">977.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(531.3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">446.1</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts receivable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">42.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">42.7</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivatives</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">71.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(110.7)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(39.6)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Loans and financing</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Inventories</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">267.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(13.8)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">253.6</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Property, plant and equipment</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(905.7)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(905.7)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Withholding tax on undistributed dividends</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(684.8)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(684.8)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Investments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(421.6)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(421.6)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Tax credits</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,139.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,139.9</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">448.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(44.6)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">404.3</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other items</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(15.1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(24.7)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(39.4)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Gross deferred tax assets / (liabilities)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,409.6</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,471.1)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(61.5)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Offsetting</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,141.4)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,141.4</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net deferred tax assets / (liabilities)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,268.2</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,329.7)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(61.5)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Comparative analysis of Balance Sheets as of December 31, 2016 and December 31, 2015</FONT></U></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(in million of Reais, except percentages)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="77%" colSpan=5>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vertical</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vertical</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variation</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Analysis</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Analysis</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016/2015</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Assets </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cash and cash equivalents</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,876.8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.4%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,620.2 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.1%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-42.2%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="23%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial investments</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">282.8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.3%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">215.1 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.2%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">31.5%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial instruments </FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">196.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.2%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,512.4 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.7%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-87.0%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts receivable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,368.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.2%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,165.7 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.6%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.9%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Inventories</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,347.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.2%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,338.2 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.8%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.2%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Tax and social contribution receivable</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,423.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.5%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,194.9 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.5%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">69.7%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other assets</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,392.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.7%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,268.0 </FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.4%</FONT></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.8%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 9.6pt">

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Current assets</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">23,886.8</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28.5%</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,314.5 </FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">31.4%</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-15.6%</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">161</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<a name="_bclHeader164"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial investments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">104.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">118.6 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-12.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial
    instruments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">51.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-68.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Tax and contributions
    receivable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">347.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">892.8 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-61.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Deferred income and social contribution
      taxes</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,268.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,749.9 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-17.5%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other assets</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,973.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,140.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-7.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Employee benefits</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">33.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.6 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">289.5%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Investments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">300.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">714.9 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-58.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Property, plant and equipment</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,153.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,140.1 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Intangible assets</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,245.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,092.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Goodwill</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,511.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">36.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,953.1 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-1.4%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-current assets</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">59,954.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">71.5%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">61,861.8 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">68.6%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-3.1%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total assets</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">83,841.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">90,176.3</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-7.0%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Liabilities and shareholders&#8217;
      equity</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,868.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; 11,833.7 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-8.2%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial instruments
    </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">686.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp; 4,673.0 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-85.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Loans and financing</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,630.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp; 1,282.6 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">183.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Overdraft account</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      2.5 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-100.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Salaries and charges</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">686.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915.6
      </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-25.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Dividends and interest on shareholders&#8217; equity
      payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,714.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 598.6
      </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">186.4%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;Income and social contribution taxes
      payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">904.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp; 1,245.3 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-27.4%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Taxes, charges and contributions
      payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,378.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp; 3,096.8 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Put option granted on interest in controlled
      company and other liabilities</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,735.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp; 6,370.7 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">168.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123.1
      </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Current liabilities</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,773.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">77.4%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; 30,141.9 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">75.7%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-4.5%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">237.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110.1
      </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">116.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial instruments
    </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145.1
      </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-81.4%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Loans and financing</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,765.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp; 2,316.9 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-23.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Deferred income and social contribution
      taxes</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,329.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp; 2,473.6 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Taxes, charges and contributions
      payable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">681.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 910.0
      </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-25.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Put option granted on interest in controlled
      company and other liabilities</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">471.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp; 1,023.6 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-53.9%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">765.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499.5
      </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">53.2%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Employee benefits</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,137.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp; 2,221.9 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-3.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-current liabilities</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,416.5</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.6%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp; 9,700.7
</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24.3%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-13.2%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total liabilities</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37,190.1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">39,842.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100,0%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,7%</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">162</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_165></A>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shareholders&#8217; equity</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Capital stock</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">57,614.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">68.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; 57,614.1 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.9%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reserves</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">64.230.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">76.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; 62,574.8 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">69.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.6%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Adjustment to equity valuation</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(77,019.1)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-91.9%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(71,857.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-79.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.2%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Controlling shareholders&#8217;
    equity</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">44,825.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">53.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">48,331.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">56.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-7.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Minority interests</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,826.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,001.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-8.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total shareholders&#8217; equity</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">46,651.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">55.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50,333.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">55.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-7.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 9.6pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.6pt">
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total liabilities and shareholders&#8217;
      equity</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">83,841.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">90,176.3</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 9.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-7.0%</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Assets</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cash and cash equivalents</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the balance of cash and cash
equivalents and short-term investments totaled R$8,159.6 million compared to
R$13,835.3 million as of December 31, 2015. The reduction of R$5,675.7 million
or 41.0% is primarily due to (i) a weaker operating performance; (ii) worsening
of working capital, mainly due to a significant reduction in accounts payable
and other accounts payable; (iii) a relevant increase in income tax and social
contribution paid in 2016; and (iv)&nbsp; higher amounts in acquisition of
subsidiaries, net of acquired cash.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Trade receivables</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the balance of receivables
totaled R$4,368.1 million, compared to R$4,165.7 million on December 31, 2015,
an increase of R$202.4 million, or 4.9%</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Inventories</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the inventories balance totaled
R$4,347.1 million compared to R$4,338.2 on December 31, 2015. The increase of
R$8.9 million or 0.2% was primarily due to the increase in the stock of finished
goods and raw materials in 2016, together with the effect of currency
translation of our overseas operations:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="61%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ millions</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2014</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="61%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Finished goods </FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,445.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,572.5</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="61%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Work in progress</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">328.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">304.7</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="61%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Raw material</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,962.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,857.4</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="61%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Consumables</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50.6</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="61%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Storeroom and other</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">447.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">420.4</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 6.1pt">
    <TD style="HEIGHT: 6.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="61%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Prepayments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 6.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">234.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 6.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">239.4</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="61%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Impairment losses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(121.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(106.8)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="61%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,347.1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,338.2</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">163</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_166></A>
<a name="_bclPageBorder166"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader166"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Income tax and social contribution
receivable</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the balance of current and
non-current taxes and contributions receivable totaled R$5,771.0 million,
compared to R$4,087.7 million as of December 31, 2015. The increase was due
mainly to the accumulation of tax credits from overseas to be offset in future
years.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Property, plant and equipment</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the balance of property, plant
and equipment totaled R$19,153.8 million compared to R$19,140.1 million on
December 31, 2015. The change that resulted in a net increase of R$13.7 million,
or 0.1%, is demonstrated in the table below:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.7pt">
    <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(R$ millions)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 16.6pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Acquisition cost</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Land and buildings</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Plant and</FONT></B></FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;equipment</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fixtures and fittings</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Under construction</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 16.6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.7pt">
    <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Initial balance</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,718.3</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22,369.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,465.1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,132.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">36,685.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,377.7 </FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Effect of movements in foreign
      exchange</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(474.7)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,528.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(427.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(222.6)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,652.7)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,059.1 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 17.15pt">
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Acquisitions through business
      combinations</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">283.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">360.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">56.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">700.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">123.5 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Sale through business
    combinations</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(145.9)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Acquisitions through share
      exchange</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">221.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">185.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">433.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Write-off through share
    exchange</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(121.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(344.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(101.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(4.8)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(571.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Acquisitions</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">819.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">276.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,905.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,009.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,291.1 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Disposals</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(106.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(693.1)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(210.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,012.7)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(833.1)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 17.15pt">
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Transfers from (to) other asset
      categories</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">800.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,595.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">526.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,095.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(173.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(186.7)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.7pt">
    <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(0.1)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Balance at end</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,330.2</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22,764.3</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,584.2</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,740.7</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37,419.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">36,685.6 </FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Depreciation and
Impairment</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11.7pt">
    <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Initial Balance</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,244.0)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(12,562.6)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,738.9)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(17,545.5)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(14,637.6)</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Effect of movements in foreign
      exchange</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">95.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">804.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">236.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,137.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,066.7)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 17.15pt">
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Sale through business
    combinations</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">91.6 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 17.15pt">
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Write-off through share
    exchange</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">52.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">241.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">51.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">345.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Depreciation</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(277.8)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,117.6)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(688.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,083.8)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,717.7)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 17.15pt">
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Impairment losses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(0.1)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(120.7)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(0.1)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(120.9)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(110.7)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Disposals</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">95.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">646.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">187.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">928.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">762.5 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 17.15pt">
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Transfers from (to) other asset
      categories</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">39.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">61.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 17.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">117.5 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.7pt">
    <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.7pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.6 </FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Balance at end</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,278.2)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(13,075.3)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,912.1)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(18,265.6)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(17,545.5)</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Carrying amount:</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">December 31, 2015</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,474.3</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.064,3</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.224,4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,132.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,140.1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,140.1</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.05pt">
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">December 31, 2016</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,052.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.807,0 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.726,2 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,740.7</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,153.8</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD width="17%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">164</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_167></A>
<a name="_bclPageBorder167"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader167"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Intangible Assets</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the intangible assets balance
totaled R$5,245.9 million, compared to R$5,092.2 million on December 31, 2015.
The net increase of R$153.7 million, or 3.0%, is primarily due to currency
conversion and acquisitions of new brands.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Goodwill</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the goodwill balance totaled
R$30,511.2 million, compared to R$30,953.1 million on December 31, 2015.&nbsp;
The movement that resulted in a net decrease of R$441.9 million is demonstrated
in the table below:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 13.05pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 13.05pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Initial Balance</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,953.1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27,502.9</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Effect of movements in foreign
      exchange</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,388.9)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,858.6</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Acquisition of Subsidiaries</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,947.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">591.6</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.05pt">
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Balance at end</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,511.2</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 13.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,953.1
</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Liabilities</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts payables</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the balance accounts payable
totaled R$10,868.8 million compared to R$11,833.7 million on December 31, 2015,
a decrease of R$964.9 million</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest-bearing loans and
borrowings</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Current and non-current interest-bearing loans and
borrowings totaled R$5,396.3 million as of December 31, 2016, compared to
R$3,599.5 million as of December, 31, 2015, an increase of R$1,796.8 million, or
49.9% in gross indebtedness in the fiscal year ended December 31, 2016.
</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Income tax and social
contribution</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the balance of income tax and
social contribution totaled R$904.2 million compared to R$1,245.3 million on
December 31, 2015. The decrease of R$341.1 million, or 27.4%, was primarily due
to the decrease in the effective tax rate from 22.0% in 2015 to 2.4% in
2016.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The main events that took place in the period and that
caused an impact on the effective rate were:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- Net financial revenue and other non-taxable revenue and
non-deductible expenses: refer to non-taxable/non-deductible revenue and
expenses in subsidiaries, whose observed variation occurs primarily as a result
of the change in the exchange rate.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">165</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_168></A>
<a name="_bclPageBorder168"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader168"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- Governmental subsidy related to taxes on sales: the
Company was granted state tax incentives under certain industrial development
programs in the form of financing, deferment of payment of taxes or partial
reductions of the amount owed. Such subsidies for investment arising out of
deferred or presumed credits on ICMS are deductible for income tax
purposes.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- Income tax complement of controlled companies abroad
owed in Brazil: reduction in tax expense related to the ascertainment of profit
abroad reflects a better management of the group&#8217;s capital
structure.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- Result of intragroup transactions taxable/deductible
only in Brazil: refers to the change in the exchange rate and interest generated
by intercompany operations based on different jurisdictions that are deductible
only in Brazil. The change observed primarily occurs as a result of the effect
of the change in the exchange rate.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- Benefit of deductibility of interest on net equity:
according to the Brazilian legislation, the companies can opt to distribute
interest on net equity (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">JCP</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;) calculated based on the Long-Term Interest Rate
(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">TJLP</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;), which is deductible for income tax purposes under the
applicable legislation, whose approximate amount distributed in the year is R$
5.4 billion.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- Withholding income tax on dividends: change explained
by the reversion of provision related to withholding tax on undistributed
results of subsidiaries in Argentina due to a change in the legislation that
exempts the payment of dividends from withholding tax, whose approximate amount
is R$ 300 million, as opposed to the creation of provision and effect of the
change in the exchange rate in the amount of approximately R$672 million in the
same previous period.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- Recognition of deferred assets on tax loss of previous
periods: the effect verified in this item is explained primarily by recognition
of deferred assets on tax losses ascertained in foreign subsidiaries in previous
periods, which were deemed to be recoverable by virtue of the expectation of
generation of profit (Paragraph 19 of IAS 12) and a better management of the
group&#8217;s capital structure.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Equity</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the equity totaled R$46,651.3
million compared to R$50,333.7 million on December 31, 2015. The main reasons
for the change in equity were: (i) profit for the year of R$ 13,083.4 million;
(ii) gains in shareholders&#8217; equity due to the conversion of overseas operations,
for a total of R$4,127.7 million, and (iii) distribution of dividends and
interest on net equity of R$ 11,500.6 million. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Deferred income tax and social contribution (Assets and
Liabilities)</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As of December 31, 2016, the balance of deferred tax
(assets and liabilities) totaled R$ 61.5 million in liabilities, compared to
R$276.3 million in assets on December 31, 2015. The change of R$337.8 million is
described in the tables below, which contain a breakdown of deferred tax
according to the origin of temporary difference.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(in Million of Reais)</FONT></I></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="53%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">2016</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">&nbsp;</TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">Assets </FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">Liabilities</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">Net</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Financial investments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">9.0</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">9.0</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Intangible assets</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">0.7</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(733.9)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(733.2)</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Employee benefits</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">467.6</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">467.6</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Accounts payable &#8211; currency
      variation</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">977.4</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(531.3)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">446.1</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Accounts receivable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">42.7</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">42.7</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Derivatives</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">71.1</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(110.7)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(39.6)</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Loans and financing</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(1.4)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(1.4)</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Inventories</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">267.4</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(13.8)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">253.6</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Property, plant and equipment</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(905.7)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(905.7)</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Withholding tax on undistributed
      dividends</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(684.8)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(684.4)</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Investments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(42166)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(421.6)</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Tax credits</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">1,139.9</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">1,139.9</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Provisions</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">448.9</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(44.6)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">404.3</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Other items</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(15.1)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(23.3)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(38.4)</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Gross deferred tax assets /
      (liabilities)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">3,409.6</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(3,471.1)</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(61.5)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Offsetting</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(1,141.4)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">1,141.4</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " face="times new roman">Net deferred tax assets /
      (liabilities)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">2,268.2</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(2,329.7)</FONT></B></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: " color=black face="times new roman">(61.5)</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">166</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_169></A>
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<a name="_bclHeader169"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in million of Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="51%" colSpan=3>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Assets</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Liabilities</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial investments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.1</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Intangible assets</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(774.6)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(768.8)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Employee benefits</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">570.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">570.3</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts payable &#8211; currency
      variation</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,138.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(357.1)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,781.3</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts receivable</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">38.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">38.5</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivatives</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">59.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(131.7)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(72.4)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Loans and financing</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(0.7)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(0.7)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Inventories</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">223.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(66.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">157.0</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Property, plant and equipment</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(737.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(737.3)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Withholding tax on undistributed
      dividends</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,027.6)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,027.6)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Investments</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Tax credits</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">308.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">308.4</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">251.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(32.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">219.3</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other items</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(200.6)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(200.6)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Gross deferred tax assets /
      (liabilities)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,604.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,328.1)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">276.3</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Offsetting</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(854.6)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">854.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="49%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net deferred tax assets /
      (liabilities)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,749.9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,473.5)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">276.3</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Comparative analysis of Operating Results as of December
31, 2017 and 2016</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Please find below the consolidated results of the
Company:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Highlights of the Consolidated Financial
Information</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in million of Reais, except for amounts relating to
volume, percentages and earnings per share*</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="47%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Years ended December 31,</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="1%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vertical</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vertical</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variation</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Analysis</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Analysis</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017/2016</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="37%" colSpan=4>
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net revenues</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">47,899.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">45,602.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cost of sales</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(18,041.8)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-37.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(16,678.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-36.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.2%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Gross profit</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29,857.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">62.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28.924.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.2%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Logistics expenses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(6,295.5)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-13.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(6,085.5)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-13.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.5%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Selling expenses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(5,620.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-11.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(5,925.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-13.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative expenses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,623.8)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,166.1)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-4.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other operating revenues (expenses),
      net</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,217.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,223.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-0.5%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-recurring items</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(108.7)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-0.2%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,134.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-109.6%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operating profit</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16,426.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17,105.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-4.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial expenses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(4,268.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-8.9%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(4,597.9)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-10.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-7.2%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial revenues</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">774.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">895.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-13.6%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial net income</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,493.9)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-7.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,702.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-8.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5.6%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share of results of subsidiaries and
      associates</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3.1)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(5.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-38.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net profit before income tax and social
      contributions</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,929.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,398.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-3.5%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Income tax and social
      contributions</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(5,079.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-10.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(315.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-0.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,512.5%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net profit for the year</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,850.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,083.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-40%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share of controlling
    shareholders</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,332.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,546.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Minority interests</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">518.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">536.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD width="29%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD></TR></TABLE></DIV>
<P></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">*Amounts may not add due to
rounding</FONT></I></FONT></P>
<P></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">167</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_170></A>
<a name="_bclPageBorder170"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader170"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Highlights of the Financial Information by Business
Segment</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The table below contains some highlights of the financial
information by business segment related to the years ended on December 31, 2017
and 2016:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="42%" colSpan=5>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="40%" colSpan=5>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC<SUP>(1)</SUP></FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">LAS<SUP>(2)</SUP></FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC<SUP>(1)</SUP></FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">LAS<SUP>(2)</SUP></FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net revenue</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">26,353.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,733.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,769.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,043.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">47,899.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24,954.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,973.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,212.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,461.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">45,602.6</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cost of sales</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-9,889.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-2,045.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-4,122.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-1,984.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-18,041.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,071.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-1,798.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-3,685.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-2,122.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-16,678.0</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Gross profit</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16,463.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,687.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,647.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,059.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29,857.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,882.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,174.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,527.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,339.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,924.6</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 22.15pt">
    <TD style="HEIGHT: 22.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, sales and marketing
      expenses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 22.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-8,473.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 22.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-1,330.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 22.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-2,483.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 22.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-2,252.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 22.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-14,539.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 22.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-8,084.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 22.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-1,038.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 22.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-2,697.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 22.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-2,356.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 22.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-14,176.6</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other operating revenue
    (expenses)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,092.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">77.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">41.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,217.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,274.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-39.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-21.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,223.1</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-recurring items</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-33.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-23.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-41.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-11.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-108.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,196.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-13.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-41.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-7.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,134.3</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operating Result</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,049.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,412.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,163,3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,801.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16,426.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,269.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,132.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,749.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,954.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17,105.4</FONT></FONT></P></TD></TR>
  <TR>
    <TD width="17%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"><SUP>(1)</SUP> Beer and soft drinks operations in Central
America and the Caribbean. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"><SUP>(2)</SUP> Includes operations in Argentina, Bolivia,
Paraguay, Uruguay, Chile, and, prior to December 31, 2016 Colombia, Peru and
Ecuador.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Revenue</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For further information on net revenue from sales, please
refer to item 10.2(b).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cost of sales</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total cost of sales increased 8.2% for the year ended
December 31, 2017, totaling R$ 18,041,8 compared to R$ 16,678.0 million in same
the period in 2016. As a percentage of the Company&#8217;s net revenue, the total cost
of sales increased to 37.7% in 2017, in relation to 36.6% in
2016.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cost of sales per
    hectoliter</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Year ended on December 31,</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">% Variation</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in Reais, except for
      percentages</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></B></FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">93.2</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.9%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">93.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">84.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.6%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Brazil<SUP>(1)</SUP></FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">98.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">92.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NAB<SUP>(2)</SUP></FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">76.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC<SUP>(3)</SUP></FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">166.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">186.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-10.4%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">121.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">111.9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.2%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">195.8</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">207.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5.4%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Company Consolidated</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">110.8</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">104.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.2%</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1) Beer and &#8220;near beer&#8221; operations of the Company in
Brazil.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2) Carbonated soft drinks and non-alcoholic and
non-carbonated beverages.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3) Beer and soft drink operations in Central America and
the Caribbean.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazilian Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total cost of sales of our Brazilian operations increased
9% for the year ended on December 31, 2017 to R$ 9,889.5 million against R$
9,071.8 million in the same period in 2016. The cost of sales per hectoliter of
our Brazilian operations increased 9.6% for the year ended on December 31, 2017,
to R$ 93.0/hl in relation to R$84.8/hl in the same period in
2016.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">168</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Operation in Brazil</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The cost of sales of our Brazilian beer and &#8220;near beer&#8221;
operation increased 7.6% reaching R$ 7,895.1 million in the year ended on
December 31, 2017. The cost of sales per hectoliter presented an increase of
16.3%. Such increase was mainly driven by the cost increase of our raw material
indexed by the US dollars in the first half of the year, partially offset by the
product mix, savings in supplies and productivity gains.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Carbonated soft drinks and non-alcoholic and
non-carbonated beverages (&#8220;NAB&#8221;) operations in Brazil</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cost of sales of carbonated soft drinks and non-alcoholic
and non-carbonated beverages in Brazil increased 15.2%, reaching R$ R$ 1,994.4
million. The cost of sales per hectoliter increased 20.3%, totaling R$ 76.3/hl,
negatively impacted by our raw materials indexed by the US dollar and higher
commodities price, especially sugar, as well as higher expenses with industrial
depreciation, partially offset by t savings in supplies and productivity
gains.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operations in Central America and the
Caribbean)</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The cost of sales of our operations in CAC increased
13.7% in 2017 reaching R$ 2,045.6 million. The cost of sales per hectoliter
decreased by 10.4% in reported terms, but increased 3.7% in organic terms,
disregarding the effects of currency variation on conversion into Reais. The
increase in cost per hectoliter in local currency is explained by a higher mix
of premium brands and inflation of our raw material, partially offset by
productivity gains due to operational leverage.&nbsp; </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The cost of sales LAS operations was of R$ 4,122.6
million in 2017, representing an increase of 11.9% compared to 2016. The cost of
sales per hectoliter presented an increase of 8.2% in reported terms, but an
increase of 28.8% in organic terms, ignoring currency variation effects on
conversion into Reais.&nbsp; The main factors that explain this increase are the
negative impact of our raw materials indexed by US dollars and general inflation
in Argentina.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operation in Canada </FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The cost of sales of our Canadian operations presented a
decrease of 6.5% in the exercise ended on December 31, 2017, totaling R$ 1,984.2
million compared to R$2,122.1 million in the same period in the previous year.
The cost of sales per hectoliter presented a decrease of 5.4% in reported terms,
but an increase of 1.4% in organic terms, disregarding the effects of currency
variation in the exchange to Reais. The main factor that explains this growth is
the inflation of our raw materials, which is partially offset by savings in
supplies and productivity gains. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Gross Profit</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our gross profit increased 3.2% for the year ended on
December 31, 2017, reaching R$ 29,857.5 compared to R$28,924.6 million in the
same period of 2016. The table below shows the contribution of each business
unit to the Company&#8217;s consolidated gross profit. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">169</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="74%" colSpan=7>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Gross Profit</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="50%" colSpan=5>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="24%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="74%" colSpan=7>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in million of Reais, except for
      percentages</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">% Contrib.</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Margin</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="16%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">% Contrib.</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Margin</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,151.0</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">64.1%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">61.6%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18,057.4</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">62.4%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">62.4%</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16,463.6</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">55.1%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">62.5%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,882.8</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">54.9%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.6%</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Brazil<SUP>(1)</SUP></FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">14,614.3</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">48.9%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">64.9%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,833.2</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">47.8%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">65.3%</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NAB<SUP>(2)</SUP></FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,849.3</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.2%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">48.1%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,049.6</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.1%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">54.2%</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC<SUP>(3)</SUP></FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,687.4</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.0%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">56.8%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,174.6</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.5%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">54.7%</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,647.2</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.3%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">61.7%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,527.5</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.6%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.9%</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,059.4</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.6%</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">67.2%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,339.7</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.0%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">67.2%</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Company Consolidated</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29,857.5</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">62.3%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,924.6</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.4%</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD width="26%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1) Beer and &#8220;near beer&#8221; operations of the Company in
Brazil.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2) Carbonated soft drinks and non-alcoholic and
non-carbonated beverages.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3) Beer and soft drink operations in Central America and
the Caribbean.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, Distribution, Sales and Marketing
Expenses</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our administrative, distribution, sales and marketing
expenses totaled R$14,539.3 million for the year ended on December 31, 2017,
representing a 2.6% growth compared to the same period in 2016.&nbsp; Please
find below an analysis of administrative, distribution, sales and marketing
expenses for each business unit.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazilian Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, distribution, sales and marketing
expenses in Brazil totaled R$8,473.4 million for the year ended on December 31,
2017, an increase of 4.8% compared to the same period in 2016.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazilian Beer Operation</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, distribution, sales and marketing
expenses totaled R$7,390.9 million for the year ended on December 31, 2017, a
4.2% increase compared to the same period in 2016, explained mainly by higher
administrative expenses, impacted by the provision related to the variable
remuneration and higher logistics expenses, driven by the growth of the sale
volume and general inflation, partially offset by efficiency gains in sales and
marketing expenses. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Carbonated soft drinks and non-alcoholic and
non-carbonated beverages (&#8220;</FONT></I><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NAB</FONT></U></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;) operations in Brazil</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative sales and marketing expenses for the
segment of carbonated soft drinks and non-alcoholic and non-carbonated beverages
totaled R$ 1,082.5 million for the year ended on December 31, 2017, an increase
of 9.5% compared to the same period in 2016, mostly explained by higher sales
and marketing expenses.</FONT></FONT></P>
<a name="_bclHeader172"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Central American and Caribbean
Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, sales and marketing expenses for the
Company&#8217;s operations in CAC totaled R$1,330.0 million for the year ended on
December 31, 2017, an increase of 28.1% compared to the same period in 2016,
driven principally by the impact of currency conversion, and higher expenses
with distribution. In organic terms, ignoring the effects of the change in
exchange rate, our administrative, distribution, sales and marketing expenses
decreased 0.9% due to a reduction in expenses with sales and marketing and
administrative costs in the region to the extent we beneficiated from synergy
opportunities, mainly in Panama. </FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">170</FONT></P></DIV>
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<a name="_bclHeader173"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, distribution, sales and marketing
expenses amounted to R$2,483.7 million for the year ended on December 31, 2017,
a decrease of 7.9% when compared with the year 2016, since the increase of
logistic and administrative costs, mainly driven by the high inflation in
Argentina was more than offset by the impact of currency conversion. In organic
terms, disregarding the effects of the change in exchange rate, our
administrative, distribution, sales and marketing expenses increased 16.6%,
impacted, mainly, by inflationary pressures in Argentina.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, distribution, sales and marketing
expenses of our Canada operations totaled R$2,252.2 million for the year ended
December 31, 2017, an increase of 4.4% compared to 2016, as a result of a
positive effect of currency conversion. In organic terms, disregarding the
effects of the change in exchange rate, our administrative, distribution, sales
and marketing expenses increased 2.3%, explained by higher administrative and
logistic expenses, partially offset by efficiency gains in sales and marketing
initiative.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other Operating Income (Expenses),
Net</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The net balance of other operating income and operational
expenses for the year 2017 showed a gain of R$1,217.3 million against a gain of
R$1,223.0 million registered in 2016. The decrease of 0.5% is primarily
explained by the reduction in government subsidies relating to long-term ICMS
incentives.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-Recurring Items</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-recurring items amounted to a revenue of R$ 108.7
million in 2017, compared to a revenue of R$ 1,134.3 million in 2016. This
variation is primarily explained by a gain with no cash effect with exchange of
shares whereby the Company transferred its operations in Colombia, Peru and
Ecuador to Anheuser-Busch Inbev S.A./N.V, which, in turn, transferred the
operation in Panama to the Company.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operating Income</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operating income decreased 4% in the period ended on
December 31, 2017, reaching R$ 16,426.8 million in relation to the R$17,105.4
million in the same period of 2016, due primarily to higher administrative
expenses and a revenue arising out of non-recurring items in 2016 without the
correspondent benefit in 2017.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Financial Result</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The financial result for the year ended December 31, 2017
comprised expenses of R$ 3,493.9 million compared to an expense of R$3,702.0
million in 2016. The reduction of 5.6% also includes the impact of&nbsp; two
non-recurring financial expenses in the total amount of R$ 976.8 million, being
(i) an expense of R$ </FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">835.7 million concerning losses with the exchange rate
change over loans among the companies of the group, which were historically
reported in the owners&#8217; equity and were reclassified to the result of the fiscal
year upon the liquidation of said loans; and (ii) an expense of R$ 141.0 million
paid as the result of the adhesion to the PERT 2017. Without these non-recurring
financial expenses, the financial net result totalized an expense of R$ 2,517.1
million in the year, which represents a reduction of 32.0% compared to the
result of 2016, mainly driven by expenses with interests, which include the put
option of our investment in the Dominican Republic (approximately R$ 600 million
in 2017), and losses from derivative instruments. </FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">171</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_174></A>
<a name="_bclPageBorder174"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader174"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s total indebtedness for the year ended
December 31, 2017 decreased R$ 2,843.3 million compared to 2016, while its
current cash and cash equivalents, net of overdrafts, and financial investments
increased R$ 2,205.0 million.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Income tax and social contribution
expense</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expenses for income tax and social contribution in 2017
amounted to R$ 5,079.3 million, compared to R$ 315.0 million recorded in 2016.
The effective rate was 39.3%, against the previous year&#8217;s rate of 2.4%, because
not only did we face difficult comparison with 2016 but also because we have
been impacted for two non-recurring tax adjustments, and the main adjustment was
of R$ 2,784.7 million related to PERT 2017 and the other, without cash effect,
of approximately R$ 510 million related to the tax effects of the exchange rate
change over loans among the companies of the group, which were historically
reported in the owners&#8217; equity and were reclassified to the result of the
exercise upon the liquidation of said loans. Adjusted by these two non-recurring
tax adjustments, the effective tax rate was of 12.8% in the
year.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Profit</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s net profit for the year ended on December
31, 2017 was of R$ 7,850.5 million representing a decrease of 40% compared to
the R$13,083.4 million in 2016 while adjusted by the non-recurring items, the
net profit increased 2.1% in 2017 to R$ 12,199.7 million.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Comparative analysis of Operating Results as of December
31, 2016 and 2015</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Please find below the consolidated results of the
Company:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Highlights of the Consolidated Financial Information
</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in millions of Reais, except for amounts relating to
volume, percentages and earnings per share*</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">)</FONT></FONT></P>
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    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%" colSpan=5>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Year ended December 31,
</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vertical</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vertical</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variation</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Analysis</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Analysis</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016/2015</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%" colSpan=5>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net revenues</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">45,602.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">46,720.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-2.4%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cost of sales</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(16,678.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-36.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(16,061.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-34.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Gross profit</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28.924.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.4%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,658.8 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">65.6%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5.7%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Logistics expenses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(6,085.5)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-13.3%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(5,833.2)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-12.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Selling expenses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(5,925.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-13.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(5,344.7)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-11.4%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.9%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative expenses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,166.1)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-4.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,281.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-4.9%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other operating revenues (expenses),
      net</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,223.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,936.1 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-36.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-recurring items</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,134.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(357.2)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-0.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-417.6%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operating profit</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17,105.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37.5%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18,778.5 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">40.2%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-8.9%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial expenses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(4,597.9)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-10.1%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,562.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-7.6%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial revenues</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">895.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,294.2 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-30.8%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial income, net</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,702.0)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-8.1%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,268.2)</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-4.9%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.2%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share of results of subsidiaries and
      associates</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(5.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.1 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-261.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net profit before income tax and social
      contributions</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,398.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29.4%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16,513.4 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35.3%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-18.9%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Income tax and social
      contributions</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(315.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-0.7%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,634.2)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-7.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-91.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net profit for the year</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,083.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28.7%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,879.2 </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27.6%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.6%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share of controlling
    shareholders</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,546.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,423.8 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Minority interests</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">536.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">455.4 </FONT></FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 8.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">*Amounts may not add due to
rounding</FONT></I></FONT></P>
<P></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">172</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_175></A>
<a name="_bclPageBorder175"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader175"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Highlights of the Financial Information by Business
Segment</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The table below contains some highlights of the financial
information by business segment related to the years ended on December 31, 2016
and 2015: </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%" colSpan=8>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="36%" colSpan=9>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC<SUP>(1)</SUP></FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">LAS<SUP>(2)</SUP></FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="8%" colSpan=3>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC<SUP>(1)</SUP></FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">LAS<SUP>(2)</SUP></FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="9%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net revenue</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24,954.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,973.2</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,212.9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,461.9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">45,602.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=3>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">26,326.1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,328.8</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11,255.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="9%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,809.7</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">46,720.2</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cost of sales</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(9,071.8)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,798.6)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3,685.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,122.2)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(16,678.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=3>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(8,358.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,563.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(4,306.8)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="9%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,833.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(16,061.4)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Gross profit</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,882.8</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,174.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,527.5</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,339.7</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,924.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=3>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17,967.8</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,765.8</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,948.8</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="9%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,976.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,658.8</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, sales and marketing
      expenses</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(8,084.5)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1,038.3)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,697.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,356.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(14,176.6)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=3>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(7,667.5)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(905.9)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,770.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="9%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2,115.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(13,459.2)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other operating revenue
    (expenses)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,274.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(39.0)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(21.6)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,223.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=3>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,871.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(0.1)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">60.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="9%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,936.1</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-recurring items</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,196.7</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(13.5)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(41.5)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(7.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,134.3</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=3>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(265.5)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(8.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(39.9)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="9%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(43.4)</FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(357.2)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operating Result</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,269.1</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,132.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,749.6</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,954.3</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17,105.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=3>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11,906.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">851.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,198.9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="9%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,821.8</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18,778.5</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="7%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=3>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="9%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="8%" colSpan=2>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD width="19%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1) Beer and soft drinks operations in Central America
and the Caribbean</FONT><U><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">.</FONT></U><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2) Includes operations in Argentina, Bolivia, Paraguay,
Uruguay, Chile, and, prior to December 31, 2016 Colombia, Ecuador and
Peru.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Revenue</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For further information on net revenue from sales, please
refer to item 10.2(b).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cost of sales</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total cost of sales increased 3.8% for the year ended
December 31, 2016, totaling R$ 16,678.0 million, compared to R$ 16,061.4 million
in same period in 2015. As a percentage of our net revenue, total cost of sales
increased to 36.6% in 2016, in relation to 34.4% in 2015.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cost of sales per
    hectoliter</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Year ended on December 31,</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">% Variation</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(R$, except for percentages)</FONT></B></FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">93.2</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">80.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.0%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">84.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">73.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Brazil<SUP>(1)</SUP></FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">92.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">79.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.3%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NAB<SUP>(2)</SUP></FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.5</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">55.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.1%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC<SUP>(3)</SUP></FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">186.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">171.6</FONT></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.4%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">111.9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">119.9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-6.7%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">207.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">189.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.5%</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="45%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev Consolidated</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">104.4</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">95.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.9%</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1) Beer and &#8220;near beer&#8221; operations of the Company in
Brazil.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2) Carbonated soft drinks and non-alcoholic and
non-carbonated beverages.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3) Beer and soft drink operations in Central America and
the Caribbean.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazilian Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total cost of sales of our Brazilian operations increased
8.5% for the year ended on December 31, 2016 to R$ 9,071.8 million against
R$8,358.3 million in the same period in 2015. The cost of sales per hectoliter
of our Brazilian operations increased 16.0% for the year ended on December 31,
2016, to R$84.8/hl in relation to R$73.1/hl in the same period in
2015.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">173</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_176></A>
<a name="_bclPageBorder176"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader176"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Operation in Brazil</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The cost of sales of our Brazilian beer and &#8220;near beer&#8221;
operation increased 8.6% to R$7,339.9 million for the year ended on December 31,
2016. The cost of sales per hectoliter presented an increase of 16.3%. Such
increase was mainly driven by the adverse impact of foreign exchange hedge,
higher industrial depreciation, increased weight of premium products, being all
of these effects partially offset by savings in supplies, productivity gains,
increase in the weight of returnable glass bottles, as well as the benefit of
our currency and commodities hedging.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Carbonated soft drinks and non-alcoholic and
non-carbonated beverages operations in Brazil</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cost of sales of carbonated soft drinks and non-alcoholic
and non-carbonated beverages (NAB) in Brazil increased 8.2%, reaching R$ 1,731.9
million. The cost of sales per hectoliter increased 15.1%, totaling R$ 63.5/hl,
driven by the adverse effect of foreign exchange hedge, higher industrial
depreciation, partially offset by the benefit of our commodities hedging
together with savings in supplies and productivity gains</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">.</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operations in Central America and the
Caribbean</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The cost of sales of our operations in CAC increased
15.1% in 2016 to R$1,798.6 million. The cost of sales per hectoliter increased
by 8.4% in reported terms, but 3.3% in organic terms, disregarding the effects
of currency variation on conversion into Reais. The increase in cost per
hectoliter in local currency is explained by the increased cost of certain raw
materials and of packaging.&nbsp; </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The cost of sales of our Latin America South (LAS)
operations was of R$3,685.4 million in 2016, representing a reduction of 14.4%
compared to 2015. The cost of sales per hectoliter presented a reduction of 6.7%
in reported terms, but an increase of 13.4% in organic terms, ignoring currency
variation effects on conversion into Reais.&nbsp; Such increase was driven by
the adverse effects of foreign currency transactions, and general inflation in
Argentina, being all of these partially offset by the benefit of our currency
and commodities hedging.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operation in Canada </FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The cost of sales of our Canadian operations increased
15.8% for the year ended on December 31, 2016, totaling R$2,122.2 million,
compared to R$1,833.3 million in 2015. The increase per hectoliter was 9.5%,
primarily due to the effect of conversion into Reais with the appreciation in
average exchange rate of the Canadian dollar, the increase in the production and
distribution costs of our recent acquisitions in craft beer, ready-to-drink and
cider categories, and the adverse effect of foreign currency transactions,
partly offset by currency and commodities hedging. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Gross Profit</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our gross profit decreased by 5.7% for the year ended on
December 31, 2016 to R$28,924.6 million, compared to R$30,658.8 million in the
same period of 2015.&nbsp; The table below shows the contribution of each
business unit to the Company&#8217;s consolidated gross profit.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">174</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_177></A>
<a name="_bclPageBorder177"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader177"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="72%" colSpan=6>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Gross Profit</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="46%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="26%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="72%" colSpan=6>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(R$ million, except for
      percentages)</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">% Contrib.</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Margin</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">% Contrib.</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Margin</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18,057.4</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">62.4%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">62.4%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,733.6</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">64.4%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">66.5%</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,882.8</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">54.9%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.6%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17,967.8</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">58.6%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">68.3%</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Brazil(1)</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,833.2</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">47.8%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">65.3%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,683.7</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">51.2%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">69.9%</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NAB(2)</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,049.6</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.1%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">54.2%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,284.1</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.5%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">58.8%</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC(3)</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,174.6</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.5%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">54.7%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,765.8</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.8%</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">53.0%</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,527.5</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.6%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.9%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,948.8</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.7%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">61.7%</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,339.7</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.0%</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">67.2%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,976.4</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.0%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">68.4%</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev Consolidated</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,924.6</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.4%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,658.8</FONT></B></FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="9%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="17%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">65.6%</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD width="28%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1) Beer and &#8220;near beer&#8221; operations of the Company in
Brazil.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2) Carbonated soft drinks and non-alcoholic and
non-carbonated beverages.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3) Beer and soft drink operations in Central America and
the Caribbean.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, Distribution, Sales and Marketing
Expenses</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our administrative, distribution, sales and marketing
expenses totaled R$14,176.6 million for the year ended on December 31, 2016,
representing a 5.3% growth compared to the same period in 2015.&nbsp; Please
find below an analysis of administrative, distribution, sales and marketing
expenses for each business unit.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazilian Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, distribution, sales and marketing
expenses in Brazil totaled R$8,084.5 million for the year ended on December 31,
2016, an increase of 5.4% compared to the same period in 2015.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazilian Beer Operation</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, distribution, sales and marketing
expenses totaled R$7,095.9 million for the year ended on December 31, 2016, a
4.6% increase compared to the same period in 2015. This increase is explained
mainly by (i) higher sales and marketing expenses, since we continued to invest
in our brands; (ii) an increase in logistics costs as a result of inflation and
an increase in weight of returnable glass bottles, especially in supermarkets,
and (iii) higher depreciation expenses, all of which were partially offset by
reduction in administrative expenses, due to efficiency gains.
</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Carbonated soft drinks and non-alcoholic and
non-carbonated beverages operations in Brazil</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, distribution, sales and marketing
expenses for the segment of carbonated soft drinks and non-alcoholic and
non-carbonated beverages totaled R$988.6 million for the year ended on December
31, 2016, an increase of 12.2% compared to the same period in 2015 due mainly to
higher administrative and distribution expenses, which is mostly explained by a
review in the allocation of logistic and </FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">administrative costs to better reflect the NAB operations
in our business in Brazil.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Central American and Caribbean
Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, distribution, sales and marketing
expenses for our operations in CAC totaled R$1,038.3 million for the year ended
on December 31, 2016, an increase of 14.6% compared to the same period in 2015,
driven principally by the impact of currency conversion, higher expenses with
distribution, sales and marketing, due to a strong growth in volume in the
region, and currency higher depreciation. In organic terms, ignoring the effects
of the change in exchange rate, our administrative, distribution, sales and
marketing expenses increased 9.5%. </FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">175</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_178></A>
<a name="_bclPageBorder178"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader178"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, distribution, sales and marketing
expenses amounted to R$2,697.4 million for the year ended on December 31, 2016,
a decrease of 2.6% when compared with the year 2015, since the increase of
transportation and labor force costs mainly driven by a high inflation in
Argentina was more than offset by the impact of currency conversion. In organic
terms, disregarding the effects of the change in exchange rate, our
administrative, distribution, sales and marketing expenses increased
27.3%.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative, distribution, sales and marketing
expenses of our Canada operations totaled R$2,356.4 million for the year ended
December 31, 2016, an increase of 11.4% compared to 2015, because of the adverse
effect of currency conversion. In organic terms, disregarding the effects of the
change in exchange rate, our administrative, distribution, sales and marketing
expenses increased 0.6%.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other Operating Income (Expenses),
Net</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The net balance of other operating income and expenses
for the year 2016 showed a gain of R$1,223.1 million against a gain of R$1,936.1
million registered in 2015. The decrease of 36.8% is primarily explained by (i)
a reduction in government subsidies relating to long-term ICMS incentives as a
consequence of a drop in volume and revenue, in addition to changes in the
geographic mix of our revenues, since we have different plants in Brazil with
different tax incentive programs; and (ii) an increase in other operational
revenues in 2015 without the corresponding benefit in 2016.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-Recurring Items</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-recurring items amounted to a revenue of R$1,134.3
million in 2016, compared to an expense of R$357.2 million recorded in 2015.
This variation is primarily explained by a gain with no cash effect with
exchange of shares whereby the Company transferred its operations in Colombia,
Peru and Ecuador to ABI, which, in turn, transferred the operation in Panama to
the Company.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operating Income</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operating income decreased 8.9% in the period ended on
December 31, 2016, reaching R$17,105.4 million against R$18,778.5 million in the
same period of 2015, due primarily to smaller gross profit, along with higher
commercial expenses and smaller operating revenue mostly related to long-term
ICMS tax incentives, all of which partly offset by smaller administrative
expenses and revenue from non-recurring items.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Financial Result</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The financial result for the year ended December 31, 2016
comprised expenses of R$3,702.0 million, </FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">against expenses of R$2,268.2 million in 2015. This
increase of 63.2% can be explained primarily by (i) expenses with interest,
which includes the put option of our investment in Dominican Republic
(approximately R$ 600 million), and (ii) losses from derivative instruments.
</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our total indebtedness for the year ended December 31,
2016 increased R$1,796.8 million in comparison with 2015, while current cash and
cash equivalents, net of overdrafts, and financial investments decreased R$
5,673.1 million.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">176</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_179></A>
<a name="_bclPageBorder179"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader179"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Income tax and social contribution
expense</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expenses for income tax and social contribution in 2016
amounted to R$315.0 million, compared to R$ 3,634.2 million recorded in 2015.
The effective rate was 2.4%, against the previous year&#8217;s rate of 22.0%, mainly
due to gains from other tax adjustments, of which (i) approximately R$ 400
million are explained by the reversion of provisions of withholding tax related
to undistributed profits in Argentina and (ii) approximately R$ 800 million due
to recognition of active deferred taxes on tax losses in international
subsidiaries due to an improvement of our capital structure outside Brazil,
reversing a negative impact reported in item Other Tax Adjustments in 2015 and
previous years.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Profit</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s net profit for the year ended on December
31, 2016 was R$13,083.4 million, representing an increase of 1.6% compared to
the R$12,879.1 million in 2015.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cash Flow for the Year Ended on December 31, 2017
compared to that of 2016</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 15.75pt">
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%">&nbsp;</TD>
    <TD style="HEIGHT: 15.75pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="45%" colSpan=3>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal years ended on December 31,
      </FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">&nbsp;</TD>
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 15.75pt">
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    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variation</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1.5pt solid; HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variation</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
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      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cash flow</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017/2016</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016/2015</FONT></B></FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operating activities cash flow</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17,874.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,344.4</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">23,580.8</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">44.8%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-47.7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Investment activities cash
flow</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-3,073.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5,898.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5,997.0</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-47.9%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-1.7%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financing activities cash flow</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-12,864.2</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-11,645.1</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-15,327.9</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.5%</FONT></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-24.0%</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,936.9</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5,198.7</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,256.0</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-137.3%</FONT></B></FONT></P></TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-330.4%</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operating Activities</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our cash flow from operating activities increased 44.8%
to R$ 17,874.1 million in the fiscal year ended on December 31, 2017 in relation
to the R$12,344.4 million in the same period in 2016, mainly due to (i) a 5%
increase in the net revenues, together with an 8.8% increase in sold product
costs (excluding depreciation and amortization) and an increase of 2.8% in the
distribution, administrative, sales and marketing expenses (excluding
depreciation and amortization), that led us to an improved operational result;
(ii) an improvement in the work capital of 2017, with an increase of R$ 1,145.4
million in 2017; and (iii) a reduction of R$ 3.185.2 million in the income tax
and social contribution paid in the year. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Investment Activities</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the year ended on December 31, 2017, the cash flow
used by the Company in investment activities totaled R$ 3,073.0 million compared
to R$5,898.0 million in the same period of 2016, mainly explained by a reduction
in the investment in property, plant and equipment, and intangible assets
corresponding to R$ 929.0 million in 2017, together with decrease in the amounts
for acquisition of subsidiaries, net of acquired cash, of R$ 1,490.9 in the
year.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financing Activities</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the year ended on December 31, 2017, the cash flow
from financing activities totaled an outflow of R$ 12,864.1 million compared to
the outflow of R$11,645.1 million in the same period of 2016, primarily due to
(i) an increase in the payment of loans of R$ 3,545.5 million, and (ii) a
reduction of pays with new loans of R$ 887.5 million, partially offset by: (i) a
reduction in payment of dividends and JCP of R$ 1,510.8 million in 2017 and a
decrease of reimbursements of cash net of financial costs, except interest, of
R$ 1,748.3 million in comparison to the previous year.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">177</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_180></A>
<a name="_bclPageBorder180"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader180"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cash Flow for the Year Ended on December 31, 2016
compared to that of 2015</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operating Activities</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our cash flow from operating activities decreased 47.7%
to R$12,344.4 million for the year ended on December 31, 2016, against
R$23,580.9 million in the same period in 2015, mainly due to (i) a weaker
operating performance; (ii) worsening of working capital, mainly as a result of
a significant reduction in accounts payable and other accounts payable; and
(iii) a relevant increase in income tax and social contribution paid in 2016.
</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Investment Activities</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the year ended on December 31, 2016, the cash flow
used by the Company in investment activities totaled R$5,898.0 million, compared
to R$5,997.1 million in 2015, chiefly explained by lower levels of investment in
property, plant and equipment, and intangible assets, which was partially offset
by higher amounts from acquisition of subsidiaries, net of acquired
cash.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financing Activities</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the year ended on December 31, 2016, the cash flow
from financing activities totaled an outflow of R$11,645.1 million, compared to
the outflow of R$15,327.9 million in 2015, primarily due to (i) a smaller
payment of loans, (ii) reduction in payment of dividends and JCP; and (iii) cash
spent on repurchase of shares in 2015 and no corresponding expenditure in 2016,
all of which were partially offset by the reduction in gains from new loans and
net cash outflows from financial costs, except for interest.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.2 &#8211; Operating and financial
income</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Operating income of the Company, particularly: (i) the
description of material income components; and (ii) factors with material impact
on operating income.</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i) Description of any material income
components</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The revenues of the Company and its subsidiaries
primarily consist of the sale of beers, near beer, carbonated soft drinks and
non-carbonated and non-alcoholic beverages through the operations described in
Item 10.1 above.&nbsp; To a lesser extent, the Company also generates revenues
from the sale of malt and by-products deriving from its
operations.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The demand for its products is primarily related to
consumer disposable income, price and weather conditions in the countries where
the Company and its subsidiaries operate. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ii) Factors that materially affect operating
income</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Brazil, the results of our beer operation in 2017
improved consistently during the year, reaching an inflection point and resuming
the growth. Despite the negative volume of the industry, our beer operation
generated volume, revenue and EBITDA growth. Our Soft Drinks and Non-Alcoholic
and Non-Carbonated Beverages operation in Brazil was negatively impacted by the
strong retraction of the soft-drink industry in Brazil. Notwithstanding, we had
a good performance of the premium brands </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fusion</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lipton</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> and </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Do Bem</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, which reached positive volume results in relation to
the previous year. Within this context, we are confident that the initiatives
implemented by means of our commercial platforms contributed to our evolution in
2017.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">178</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Central America and the Caribbean (CAC), we initiated our Panama operation, with a solid growth of our brand portfolio, which includes Atlas Golden Light and Stella Artois. Therefore, we had an expansion of EBITDA in the region corresponding to, approximately, 600 million of US dollars, which represents an increase of over 24% in relation to the previous year. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Latin America South (LAS), our volume presented a solid growth, supported by the expansion of the beer market in Argentina and Paraguay, and by the good performance of our Brahma, Patagonia and Stella Artois brands.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">And, in Canada, we maintained our market leadership, mainly due to the performance of Bud Light and Stella Artois and of our mixed beverage portfolio, ciders and special beers, which includes the Mill Street and Archibald brands.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></U></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Brazil, 2016 proved to be one of the most challenging years of our history, having had an impact primarily caused by (i) an increase in states taxes, (ii) political and economic uncertainties along with one of the highest unemployment rates recorded in years, deteriorating the income available and leading to the drop in the industry, and (iii) cost of sales, which had an impact caused by foreign exchange. Despite that, we continued to make structural investments in our business, including in our commercial platforms.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Central America and the Caribbean (CAC), we had an organic growth of 21.3% of our EBITDA, reaching approximately 430 million U.S. dollars. This result was driven by our volumes, which have grown with the expansion of the beer market in the Dominican Republic and the gain in market share in Guatemala.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Latin America South (LAS), our revenue management and cost discipline strategy in Argentina has performed once again an important role to face the adverse scenario in the country, which, along with the strong volume performance in other important markets of the region, such as Bolivia, Chile and Paraguay, has led to a solid growth of EBITDA.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">And in Canada, we continued our thriving growth in net revenue, mainly driven by the benefit of our strategic acquisitions in craft beer, ready-to-drink and ciders categories, which has helped us to reach the highest market share in the last 17 years and has contributed for us to deliver growth, in local currency, of net revenue and EBITDA in the country.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></U></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Brazil, in 2015, in addition to a difficult comparison basis with the 2014 FIFA World Cup, the macroeconomic environment continued to worsen in all quarters of the year. Despite that, we maintained our focus on aspects that we could manage and delivered higher net revenues and operating income, while facing pressure from the decrease in volumes of beer and soft drinks manufacturers in the country.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Central America and the Caribbean (CAC), we had another year of sound growth in all major countries </FONT></FONT>

<FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in which we operate in the region, while continuing to capture significant opportunities of growth in net revenues and expansion of the EBITDA margin, focused on organic and inorganic growth strategies.</FONT></FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In South America (LAS), we strengthened our strategy in the mainstream, premium and near beer segments, being able to reduce the effects of volatility in Argentina, and increasing our EBITDA above the average inflation rates registered in the region. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Canada, we accelerated growth of net revenues with an excellent balance between volume and prices, through growth in the mainstream segment and expansion in the premium segment, including craft beers. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) income variation ascribed to variations in prices, foreign exchange rates, inflation, volumes and introduction of new products and services</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Revenue &#8211; Comparison between figures as of December 31, 2017 and 2016</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net revenue increased 5.0% in the year ended on December 31, 2017, reaching R$ 47,899.3 million compared to R$ 45,602.6 million in 2016.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Revenue</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Year ended on December 31,</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="34%" colSpan=2>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">% Variation</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ million, except for percentages</FONT></I></B></FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">31,086.0</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">64.9%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,927.8</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.4%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.5%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">26,353.0</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">55.0%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24,954.6</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">54.8%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Brazil(1)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22,509.3</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">47.0%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21,173.1</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">46.5%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.3%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NAB(2)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.843.7</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.0%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,781.5</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.3%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.6%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC(3)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.733.0</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.9%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,973.2</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.7%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19.1%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,769.7</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.5%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,212.9</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.4%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.5%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,043.5</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.6%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,461.9</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">14.2%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-6.5%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev Consolidated</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">47,899.3</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">45,602.6</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.0%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD width="15%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1) Beer and near beer operations in Brazil.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2) Carbonated soft drinks and non-alcoholic and non-carbonated beverages.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3)&nbsp; Beer and carbonated soft drinks operations in Central America and the Caribbean (CAC).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="85%" colSpan=5>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Sales Volume</FONT></B></FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="85%" colSpan=5>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Year ended on December 31,</FONT></B></FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="34%" colSpan=2>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="34%" colSpan=2>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">% Variation</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="85%" colSpan=5>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In thousands of hectoliters, except for percentages</FONT></I></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">118,631.8</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">72.9%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">116,632.7</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">73.0%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.7%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">106,360.0</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">65.3%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">106,961.4</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">66.9%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-0.6%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Brazil(1)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">80,233.6</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49.3%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">79,670.1</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49.8%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.7%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NAB(2)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">26,126.4</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.0%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27,291.3</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.1%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-4.3%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC(3)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,271.8</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.5%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,671.3</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.1%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">26.9%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34,062.0</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20.9%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">32,934.5</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20.6%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.4%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,135.7</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.2%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,254.5</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.4%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-1.2%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev Consolidated</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">162,829.4</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">159,821.6</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.9%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD width="15%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1) Beer and near beer operations in Brazil.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2) Carbonated soft drinks and non-alcoholic and non-carbonated beverages.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3)&nbsp; Beer and carbonated soft drinks operations in Central America and the Caribbean (CAC).</FONT></FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">180</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="87%" colSpan=3>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Revenue per Hectoliter</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="87%" colSpan=3>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Year ended on December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">% Variation</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="87%" colSpan=3>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(In </FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, except for percentages)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">262.0</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">248.0</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">247.8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">233.3</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.2%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Brazil(1)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">280.5</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">265.8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.6%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NAB(2)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">147.1</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">138.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.2%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC(3)</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">385.7</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">410.8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-6.1%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">316.2</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">310.1</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.0%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">596.3</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">630.2</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5.4%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev Consolidated</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">294.2</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">285.3</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.1%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD width="15%">&nbsp;</TD>

   <TD width="29%">&nbsp;</TD>

   <TD width="29%">&nbsp;</TD>

   <TD width="29%">&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1) Beer and near beer operations in Brazil.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2) Carbonated soft drinks and non-alcoholic and non-carbonated beverages.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3)&nbsp; Beer and carbonated soft drinks operations in Central America and the Caribbean (CAC).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North Operations</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazilian Operations</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net revenue from our Beer and NAB operations in Brazil increased 5.6% in 2017, reaching R$ 26,353.0 million.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Operations in Brazil </FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net revenue from beer sales in Brazil increased 6.3% in 2017, accumulating R$ 22,509.3 million, mainly explained by an increase of 5.6% in the revenue per hectoliter, which amounted to R$280.5/hl, together with an increase of the sale volume of 0.7% in the period. The increase in the net revenue per hectoliter was the result of our revenue management strategy implemented in the 3<SUP>rd</SUP> quarter of the year.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operations of carbonated soft drinks and non-alcoholic and non-carbonated beverages in Brazil</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net revenue from NAB operations in 2017 increased 1.6%, reaching R$ 3,843.7 million. The volumes dropped 4.3% in 2017, which is lower than the drop in the carbonated soft drinks industry, since consumers continued to replace soft drinks with water and low-cost juice powder. Net revenue per hectoliter in Brazil&#8217;s NAB segment increased 6.2% in 2017, reaching R$ 147.1/hl in the year, especially due to our revenue management and positive mix. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Central America and the Caribbean (CAC) Operations</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The CAC operations showed an increase in net revenue in 2017 of 19.1%, rising to R$ 4,733.0 million, due to a significant volume increase of 26.9%, beneficiated from our operations in Panama and an organic growth of net revenue per hectoliter, partially offset by the negative the effects of currency conversion </FONT></FONT>


<FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">into </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">. </FONT></FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">181</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>




<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South (LAS) Operations</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South (LAS) operations contributed R$ 10,769.7 million to the consolidated revenue in 2017, representing an increase of 5.5% due to, mainly, the increase of 3.4% of the sale volume in the region. Our net revenue per hectoliter increased 19.0% in local currency due to our revenue strategy management, which was almost entirely offset by the negative effect of the exchange rate change in the conversion into Reais. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada Operations </FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our operations in Canada contributed R$ 6,043.5 million to our consolidated net revenue in 2017, corresponding to a decrease of 6.5% in comparison to the previous year. This result arises from, mainly, the negative effect of the exchange rate change in the conversion to Reais. In local currency, the increase of 1.5% of our net revenue per hectoliter was almost entirely offset by a drop in the volume of 1.2% impacted by a weak beer industry in the year. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Revenue &#8211; Comparison between figures as of December 31, 2016 and 2015</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net revenue decreased 2.4% in the year ended on December 31, 2016, dropping to R$45,602.6 million against R$46,720.2 million 2015.</FONT></FONT></P>

<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="85%" colSpan=5>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Revenue</FONT></B></FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="85%" colSpan=5>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Year ended on December 31,</FONT></B></FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="34%" colSpan=2>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="34%" colSpan=2>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">% Variation</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="85%" colSpan=5>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ million, except for percentages</FONT></I></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28,927.8</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.4%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29,654.9</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">63.5%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-2.5%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24,954.6</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">54.7%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">26,326.1</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">56.4%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5.2%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 28.05pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Brazil(1)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21,173.1</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">46.4%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22,441.3</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">48.1%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5.7%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 28.05pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NAB(2)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,781.5</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.3%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,884.8</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.3%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-2.7%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC(3)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,973.2</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.7%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,328.8</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.1%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19.4%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,212.9</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">22.4%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11,255.6</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24.1%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-9.3%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,461.9</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">14.2%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,809.7</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.4%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.2%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev Consolidated</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">45,602.6</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">46,720.2</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-2.4%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD width="15%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1) Beer and near beer operations in Brazil.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2) Carbonated soft drinks and non-alcoholic and non-carbonated beverages.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3)&nbsp; Beer and carbonated soft drinks operations in Central America and the Caribbean (CAC).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="85%" colSpan=5>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Sales Volume</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="85%" colSpan=5>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Year ended on December 31,</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="34%" colSpan=2>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="34%" colSpan=2>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">% Variation</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="85%" colSpan=5>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In thousands of hectoliters, except for percentages</FONT></I></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">116,632.7</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">73.0%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">123,463.5</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">73.0%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5.5%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">106,961.4</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">66.9%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">114,354.2</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">67.6%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-6.5%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 28.05pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Brazil(1)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">79,670.1</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49.8%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">85,330.9</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50.5%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-6.6%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 28.05pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NAB(2)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27,291.3</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.1%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29,023.3</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.2%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-6.0%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CAC(3)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,671.3</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.1%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,109.2</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.4%</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.2%</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">32,934.5</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20.6%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35,914.5</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21.2%</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-8.3%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,254.5</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.4%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,700.3</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.7%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.7%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev Consolidated</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">159,821.6</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100.0%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">169,078.2</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100,0%</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-5.5%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD width="15%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD>

   <TD width="17%">&nbsp;</TD></TR></TABLE></DIV>

<DIV align=left><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1) Beer and near beer operations in Brazil.</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT></DIV>

<DIV align=left><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2) Carbonated soft drinks and non-alcoholic and non-carbonated beverages.</FONT></FONT></DIV>

<DIV align=left><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3)&nbsp; Beer and carbonated soft drinks operations in Central America and the Caribbean (CAC).</FONT></FONT></DIV>

<P></P>

<P></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">182</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>

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<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="87%" colSpan=3>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net Revenue per Hectoliter</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="87%" colSpan=3>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Year ended on December 31,</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">% Variation</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="87%" colSpan=3>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(In </FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, except for percentages)</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">248.0</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">240.2</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.3%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">233.3</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">230.2</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.3%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Brazil(1)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">265.8</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">263.0</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NAB(2)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">138.6</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">133.9</FONT></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.5%</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp; CAC(3)</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">410.8</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">365.4</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.4%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">310.1</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">313.4</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-1.1%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">630.2</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">598.9</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.2%</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev Consolidated</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">285.3</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">276.3</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.3%</FONT></B></FONT></P></TD></TR>

<TR>

   <TD width="15%">&nbsp;</TD>

   <TD width="29%">&nbsp;</TD>

   <TD width="29%">&nbsp;</TD>

   <TD width="29%">&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1) Beer and near beer operations in Brazil.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2) Carbonated soft drinks and non-alcoholic and non-carbonated beverages.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(3)&nbsp; Beer and carbonated soft drinks operations in Central America and the Caribbean (CAC).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America North Operations</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazilian Operations</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net revenue from our Beer and NAB operations in Brazil decreased 5.2% in 2016, reaching R$24,954.6 million.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beer Operations in Brazil </FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net revenue from beer sales in Brazil decreased 5.7% in 2016, accumulating R$21,173.1 million, mainly explained by the drop in volume of 6.6% partially offset by an increase of 1.1% in revenue per hectoliter, which amounted to R$265.8/hl. The increase in net revenue per hectoliter was primarily impacted by the increase in taxes. In addition, as part of our revenue management strategy, we use our entire portfolio of packaging and brands to reach prices that are more attractive to the consumer, including returnable glass bottles of 300ml, which represented 23% of our volumes in supermarkets in 2016.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operations of carbonated soft drinks and non-alcoholic and non-carbonated beverages in Brazil</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Net revenue from NAB operations in 2016 dropped 2.7%, to R$3,781.5 million, chiefly due to lower sales volume. Volumes decreased by 6.0% in 2016, in line with the drop in the industry of soft drinks of one average digit, since consumers continued to replace soft drinks with water and low-cost juice powder. Net revenue per hectoliter in Brazil&#8217;s NAB segment increased by 3.5% in 2016, to R$138.6/hl, especially due to our revenue management. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Central America and the Caribbean (CAC) Operations</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev&#8217;s CAC operations showed an increase in net revenue in 2016 of 19.4%, rising to R$3,973.2 million, due to the increase of 6.2% in volume; organic growth of net revenue per hectoliter; and the </FONT></FONT>

<a name="page_186"></a><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">effects of currency conversion into </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">. </FONT></FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">183</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name=page_186></A>
<a name="_bclPageBorder186"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader186"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South (LAS)
Operations</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Latin America South (LAS) operations contributed
R$10,212.9 million to Ambev&#8217;s consolidated revenue in 2016, representing a
decrease of 9.3%. Our net revenue per hectoliter increased 26.2% in local
currency due to our revenue strategy management, which was more than offset by
the negative effect of the change in exchange rate in the conversion into Reais.
</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Canada Operations </FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our operations in Canada contributed R$6,461.9 million to
our consolidated revenue in 2016, an increase of 11.2% in comparison with the
previous year. This is primarily due to the 5.7% increase in volume, driven by
the benefit of our recent acquisitions of craft beer and near beer and the
increase in our revenue per hectoliter of 1.8% in local currency, in addition to
the effect of the appreciation of the Canadian dollar against the Brazilian
Real. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) impact of inflation, price variations of main inputs
and products, foreign exchange and interest rates on the Company&#8217;s operating and
financial income, where relevant.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In 2017, our costs of products sold in Brazil were once
again severely impacted by the hedge rate of the Brazilian Real again the U.S.
Dollar, since this was significantly higher than the average rate of the
previous year, mainly when compared to the first semester of the year. On the
other hand, the prices of commodities were hedged in US dollars at values lower
than those of the previous year, with positive impact on the cost of products
sold, except for sugar, which specifically impacted the cost of sold products in
the NAB operation in the country. In our international operations, in general,
the costs had a positive impact by the appreciation of the Brazilian Real
against the local currencies of each operation. Specifically in Latin America
South, the inflationary pressures, especially in Argentina, continued to
adversely affect our local labor and logistic costs. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In 2016, our costs of products sold in Brazil were
severely impacted by the hedge rate of the Brazilian Real again the U.S. Dollar,
since this was significantly higher than the average rate of the previous year,
mainly when compared to the second semester of the year. On the other hand, the
prices of commodities were hedged in US dollars at values lower than those of
the previous year, with positive impact on the cost of products sold.
Inflationary pressures in Latin America South, especially in Argentina,
continued to adversely affect our local labor and logistic costs. In Brazilian
Reais, this impact was mostly offset by the depreciation of the Argentinean
Pesos. In Canada, costs were adversely impacted by the appreciation of the
Canadian Dollar against the Brazilian Real.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The cost of products sold in Brazil in 2015 was adversely
affected by the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">/US Dollar hedging rate, which was once again higher than
the average rate recorded in the previous year.</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On the other hand, the price of commodities was hedged in
US dollars at values lower than those of the previous year, with positive impact
on the cost of products sold. Inflationary pressures in Latin America South
continued to adversely affect our local labor and logistic costs, in addition to
the devaluation of the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Real </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">against the functional currencies of our principal
operations in the region.</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In Canada, costs were adversely impacted by the
appreciation of the Canadian Dollar against the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Real</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">184</FONT></P></DIV>
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<a name="_bclHeader187"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017 vs. 2016</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our net financial result reduced 5.6% in 2017, from
R$&nbsp;3,702.0 million in 2016 to R$&nbsp;3,493.9 million. This year result
also includes the impact of two non-recurring financial expenses of R$ 976.8
million, being (i) an expense of R$ 835.7 million concerning losses with the
exchange rate change over loans among the companies of the group, which were
historically reported in the owners&#8217; equity and were reclassified to the result
of the fiscal year upon the liquidation of said loans; and (ii) an expense of R$
141.0 million paid as the result of the adhesion to the PERT 2017. Without such
non-recurring financial expenses, the net financial result totalized an expense
of R$ 2,517.1 million in the year, which represents a reduction of 32% compared
to the result of 2016, driven, mainly, by lower losses with derivative
instruments, and to currency hedging costs related, mainly,&nbsp; to our
exposure to cost of goods sold in Brazil and Argentina.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016 vs. 2015</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Our net financial result increased 63.2% in 2016, from R$
2,268.2 million in 2015 to R$ 3,702.0 million. This result is primarily
explained by (i) higher interest expenses, of which approximately R$ 600 million
refer to an expense with no cash effect related to the put option associated to
our CND investment, and (ii) higher losses from derivative instruments,
basically as a result of currency hedging costs chiefly related to our exposure
to cost of goods sold in Brazil and Argentina, which were partially offset by
the hedging of our cash positions in foreign currency against the Brazilian
Real.</FONT></FONT></P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">185</FONT></P></DIV>
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<a name="_bclHeader188"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.3 - Events with effective or expected material effects
on the Financial Statements and Income</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) introduction or divestment of operating
segment</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable, since there was no introduction or
divestment of operating segments.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) organization, acquisition or disposal of equity
interest</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Renegotiation of the shareholders&#8217; agreement of Tenedora
CND</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On December 1, 2017, the Company notified its
shareholders and the market in general that E. Le&#243;n Jimenes, S.A.
(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ELJ</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;), partner of the Company in Tenedora CND, S.A.
(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Tenedora</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;), owner of almost the totality of&nbsp; Cervecer&#237;a
Nacional Dominicana, S.A., partially exercised its sale option of approximately
30% of the capital of Tenedora, under the provisions of the shareholders&#8217;
agreement of Tenedora. Due to the partial exercise of said sale option, the
Company paid to ELJ the amount of, approximately, R$ 3 billion (corresponding
to, approximately, USD 926.5 million) and became the owner of 85% of Tenedora,
and the remaining 15% are still owned by ELJ. In addition, considering the
strategic importance of the alliance with ELJ, the Board of Directors of the
Company approved, on said date, the extension of the term, from 2019 to 2022, to
the exercise of the purchase option granted by ELJ to the Company. The operation
was subject to some conditions precedent that were complied with on January 18,
2018, as described under Note 36 &#8211; Subsequent Events.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Perpetual licensing agreement to
Quilmes</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On September 2017, the Cervecer&#237;a y Malter&#237;a Quilmes
S.A., a subsidiary of Ambev, executed an agreement under which AB InBev grants a
perpetual license to Quilmes in Argentina for the distribution of the Budweiser
brand and other North-American brands after the recovery of the distribution
rights of these brands by AB InBev from the Chilean entity Compa&#241;ia Cervecer&#237;as
Unidas S.A. - CCU. The agreement also establishes the transfer of Cerveceria
Argentina Sociedad Anonima Isenbeck by AB InBev to Quilmes and the transfer by
Quilmes of some Argentinean brands (Norte, Iguana and Baltica) and related
commercial assets, in addition to USD 50 million by Quilmes. </FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">The closing of the transaction was subject to
approval by the Argentine antitrust authority (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Comisi&#243;n Nacional de Defensa de la
Competence</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">) of the major documents of the transaction
and other customary closing conditions. The Argentine antitrust authority's
approval came into effect on April 27, 2018, and the transaction was completed
on May 2, 2018. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) unusual events or transactions</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Equity Swap Agreements</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On May 16, 2017 the Board of Directors of the Company
approved the contracting, by the Company or its controlled companies, of equity
swap agreements through financial institutions to be defined by the board of
officers of the Company, with preference for shares issued by the Company or
American Depositary Receipts based on these shares (&#8220;ADR&#8217;s&#8221;). The liquidation of
the equity swap should occur within a maximum term of 18 months counted from
such approval, and the agreements could result in the exposition of up to 80
million of shares of common stock, with the limit amount of up to R$2.3
billion.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On December 21, 2017, the Board of Directors of the
Company approved the execution, by the Company or its controlled companies, of
new equity swap agreements, without prejudice to the liquidation, within the
regulatory term, of the agreements still in effect, whose execution was approved
in a meeting of the Board of Directors on May 16, 2017, as mentioned above. Such
agreements may result in the exposition </FONT></FONT><a name="page_189"></a><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">of up to 44 million of shares of common stock (of which a
portion or the totality may be by means of ADRs), with limit value of up to R$
820 million added by the balance of the agreements executed within the scope of
the approval on May 16, 2017 and not yet liquidated could result in the
exposition of up to 80 million of shares of common stock .</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">186</FONT></P></DIV>
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<a name="_bclHeader189"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On May 15, 2018, the Board of Directors of the Company
approved the execution, by the Company or its controlled companies, of new
equity swap agreements, without prejudice to the liquidation, within the
regulatory term, of the agreements still in effect, whose execution was approved
in meetings of the Board of Directors held on May 16, 2017 and December 21,
2017, as mentioned above. Such agreements may result in exposure of up to 80
million common shares (all or part of which may be through ADRs), with an amount
of up to R$1.8 billion and, together with the balance of agreements entered into
as approved on May 16, 2017 and December 21, 2017 and not yet liquidated, may
result in exposure of up to 122,242,125 common shares.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">187</FONT></P></DIV>
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<a name="_bclHeader190"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.4 &#8211; Significant changes in accounting practices &#8211;
Qualifications and emphasis in the auditors&#8217; report</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Significant changes in accounting
practices</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a.I) Regarding the financial statements for the year
ended on December 31, 2017: Consolidated and separate financial
statements.</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">There were no significant changes in the accounting
policies of the consolidated and separate financial statements of December 31,
2017, as well as in the calculation methods used in relation to those presented
in the financial statements for the year ended on December 31,
2016.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a.II) Regarding the financial statements for the year
ended on December 31, 2016: Consolidated and separate financial
statements.</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">There were no significant changes in the accounting
policies applicable to the financial statements of the
Company.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a.III) Regarding the financial statements for the year
ended on December 31, 2015: consolidated and separate financial
statements</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Except for the change in the accounting practice relating
to the consolidation of an exclusive fund by the parent company, there were no
significant changes in the accounting policies of the individual and
consolidated financial statements as of December 31, 2015.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Significant effects of changes in accounting
practices</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b.I) Regarding the financial statements for the year
ended on December 31, 2017:</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The amendments of the following existing rules were
published and are mandatory for future annual accounting years. Although the
IFRS sets forth the early adoption, the regulatory bodies in Brazil have been
forbidding this anticipation to preserve the comparability aspects. Therefore,
for the year ended on December 31, 2017, said norms were not applied in the
elaboration of these financial statements.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">IFRS 9/CPC 48 </FONT></I></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&#8211; Financial Instruments </FONT></I></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(in effect as of January 1, 2018) which aims to replace
IAS 39/CPC 38, introduce new requirements for the classification of financial
assets that depends on entity&#8217;s business model and the contractual
characteristics of the cash flow of the financial instruments; define a new
model of impairment losses accounting which shall require more effective
recognition and introduces a new standard of hedge accounting and impairment
test with greater risk management activity disclosures. The new hedge accounting
model represents a significant revision of the policy and aligns the accounting
addressing with the risk management activities. IFRS 9/CPC 48 also removes the
volatility in the result that was caused by the changes in credit risk of the
liabilities established to be measured at fair value. The Company assessed the
impacts arising from the application of the new rule and concluded that there is
no significant impact in its financial position, financial performance or risk
management activities.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">IFRS 15/ CPC 47 &#8211; Revenue of Agreement with Customers
</FONT></I></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Client (in effect as of January 1, 2018)&nbsp; requires
that revenue recognition be made in order to reflect the transfer of goods or
services to the customer for an amount which reflects the expectation of the
company to have in exchange the rights of such goods or services. The new rule
shall also result in greater and improved revenue disclosures, and shall provide
guidance for transactions that were not previously extensively addressed (for
example, service revenues and changes in the agreements) and shall improve
guidance for multi-element . </FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">188</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_191></A>
<a name="_bclPageBorder191"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader191"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the implementation date (January 1st, 2018), the
adjustment of the initial balance of the Shareholders&#8217; equity resulted in a
reduction of the accumulated profit equivalent to R$355,383 in the first quarter
of 2018 to reflect the amendment in the accounting policy relating to the
performance which, in accordance with IFRS 15, shall be linked to the price of
the relevant transaction in 2017.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">IFRS 16/CPC 06 (R2) &#8211;Leasing Operations
</FONT></I></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(in effect as of January 1, 2019) replaces the existing
accounting requirements of leasing operations and represent a significant change
in the accounting and disclosure of the leasing operations that were previously
classified as operational leasing with more assets and liabilities to be
reported in the balance sheet and a different recognition of the leasing costs.
</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company is under the process to assess the total
impact of the application of the IFRS 16/CPC 06 (R2) and expects changes in the
presentation of operational leasing, which will begin to be recognized in the
balance sheet. Other norms, interpretations and amendments to the rules and
other mandatory changes for the accounting statements beginning in January 1,
2017 were not listed above due to their non-applicability or to their
insignificance to the accounting statements of the Company.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b.II) Regarding the financial statements for the year
ended on December 31, 2016:</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">There were no significant changes. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b.III) Regarding the financial statements for the year
ended on December 31, 2015:</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Except for the change in the accounting practice relating
to the consolidation of an exclusive fund of the parent company, as mentioned in
item a.III) above, there were no significant changes in our accounting
policies.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Qualifications and emphasis contained in the auditor&#8217;s
report</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">There were no qualifications or emphasis in the auditor&#8217;s
report in the past three fiscal years. </FONT></FONT></P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">189</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_192></A>
<a name="_bclPageBorder192"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader192"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.5 &#8211; Critical accounting policies</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">We consider an accounting policy to be critical when it
is important to reflect our financial condition and operating income and require
complex or significant judgments and estimates on the part of our management.
For a summary of all accounting practices, please see Note 3 to the financial
statements of the Company.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The individual and consolidated accounting statements
were prepared according to Brazilian and international technical pronouncements,
which require from management to make judgments and estimates and to make
decisions that affect the application of the accounting practices and the
amounts shown in the balance sheet and income statement. The estimates and the
underlying judgments are based on historical experience and on several other
factors considered reasonable in the light of the circumstances, whose results
constitute the criterion for taking decisions regarding the book value of assets
and liabilities not readily evident from other sources. Actual results may
differ from these estimates.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The estimates and underlying assumptions are reviewed on
an ongoing basis. Changes to accounting estimates can only affect the period in
which the estimate is revised or future periods.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Although each critical accounting policy reflects
judgments, assessments or estimates, the Company believes that the following
accounting policies reflect the most critical judgments, estimates and
assumptions that are important to an understanding of its
results:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: -0.55pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Goodwill</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The goodwill arises from the acquisition of subsidiaries,
affiliates, and joint arrangements.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The goodwill is determined to be the surplus: (i) of the
consideration paid; (ii) of the amount of any non-controlling interests in the
subsidiary acquired (when applicable); and (iii) of the fair value, on the
acquisition date, of any previous equity interest in the subsidiary acquired,
over the fair value of the net assets acquired, on the respective acquisition
date. All business combinations are booked by the application of the method of
accounting allocation of the investment cost.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In accordance with IFRS 3 &#8211; Business Combinations,
goodwill is booked at cost and is not amortized, but instead tested for
impairment at least once a year, or whenever there are indications of impairment
to the cash generating unit to which it is allocated. Impairment losses
recognized on goodwill are not reversed. Gains and losses on disposal of an
entity include the book value of goodwill relating to the entity
sold.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Goodwill is expressed in the currency of the subsidiary
or the joint operation to which it refers, and is converted into Reais at the
exchange rate in force at the end of the year. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the case of affiliates and joint ventures, the book
value of goodwill is included in the book value of the interest in the affiliate
and/or the joint venture.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">When the Company&#8217;s interest in the net fair value of the
assets, liabilities and contingent liabilities recognized exceeds the cost of a
business combination, the surplus is recognized immediately in the income
statement.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The goodwill generated internally is booked as an
expense, as incurred.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The goodwill includes the effects of the historic
cost.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">190</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_193></A>
<a name="_bclPageBorder193"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader193"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Business combinations:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Company uses the investment cost as the accounting method
for recording business combinations. The consideration paid for the acquisition
of a subsidiary is the fair value of the assets transferred, the liabilities
incurred and the equity instruments issued by Company Costs related to an
acquisition are booked in income for the period when incurred. The assets,
liabilities and contingent liabilities acquired / assumed in a business
combination are recognized initially at fair value on the acquisition date.
Company recognizes non-controlling interests in the subsidiary acquired both at
fair value and according to the proportion held by minority shareholders in the
fair value of the net assets acquired. Non-controlling interests are measured
for each acquisition made.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The surplus (i) of the consideration paid; (ii) of the
amount of any non-controlling interests in the subsidiary acquired (when
applicable); and (iii) of the fair value, on the acquisition date, of any
previous equity interest in the subsidiary acquired, over the fair value of the
net assets acquired, is recorded as goodwill. When the sum of the above three
items is less than the fair value of the net assets acquired, the gain is
recognized directly in the income statement for the year.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Transactions, balances and gains not realized in
transactions among the companies of the group are eliminated. The non-realized
losses are also eliminated, unless the operation provides evidences of the
impairment of the transferred asset.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(iii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Business
combinations involving entities under common control</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Business combinations between entities under common
control have not yet been specifically addressed by IFRS or CPC. IFRS 3/CPC
15(R1) - Business combinations is the pronouncement that applies to business
combinations, but explicitly excludes from its scope the business combinations
between entities under common control.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Therefore, as permitted by IAS 8/CPC 23 - Accounting
Policies, Change of Estimate and Error Rectification, Management adopted an
accounting practice in line with the Generally Accepted Accounting Principles in
the United States and United Kingdom (USGAAP - Generally Accepted Accounting
Principles (United States) and UKGAAP - Generally Accepted Accounting Principles
(United Kingdom)), the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">predecessor basis of accounting</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> to record the book value of the received asset, such as
recorded by the subsidiary.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">predecessor basis of accounting</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> provides that when booking a transfer of assets or an
exchange of equity interest between entities under common control, the entity
receiving the net assets or equity interests, shall initially measure the assets
and liabilities transferred, recognized at their book values in the accounts of
the transferring entity, on the transfer date, retrospectively. If the book
values of the assets and liabilities transferred by the subsidiary differ from
the historical cost of the subsidiary of the entities under common control, the
accounting statements of the receiving entity must reflect the assets and
liabilities transferred to the cost of the subsidiary of the entities under
common control.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In relation to the transactions between entities under
common control involving the disposal/transfer from the subsidiary to its
controlling shareholder, i.e., above the level of Ambev&#8217;s consolidated financial
statement, the Company evaluates the existence of (i) opposition of interests;
and (ii) substance and economic purpose. Having fulfilled these assumptions,
seeking to provide adequate visibility and fair impact on the amount of
distributable results to its shareholders, notably non-controlling shareholders,
the Company has adopted as a policy, in a similar way, the concepts of IAS
16/CPC 27 - Fixed asset. Said policy contemplates assets acquired through swap
for non-monetary asset, or a combination of monetary and non-monetary assets.
The assets subject to swap may be of the same nature or of different natures.
The cost of such asset item is measured at fair value, unless the swap
transaction is not of a commercial nature, or the fair value of the received
asset and the assigned asset may not be reliably measured. The </FONT></FONT><a name="page_194"></a><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">acquired asset is measured in this way even if the entity
may not immediately retire the assigned asset. If the acquired asset is not
measurable at fair value, its cost is determined by the book value of the
assigned asset.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">191</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_194></A>
<a name="_bclPageBorder194"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader194"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">When there is a distribution of assets other than in the
form of cash, the asset before its distribution is measured at its fair value
against an income account for the year. Although its application is provided for
distributions through which the owners of the same class of equity instruments
are benefited and the treatment of which is equitable, also in a manner similar
to the ICPC 07/IFRIC 17, in the absence of a specific accounting practice for
transactions under common control, we consider the provisions of this
instruction in the definition of our accounting practice. As well as in other
sales that Ambev makes for its controlling shareholder (products, inputs etc.)
where the result of the transaction is recognized in the income statement as
provided in paragraph 56 of ICPC 09 and similar to paragraph 33a of CPC 31 (the
only rule that deals with the disposal of business, without distinguishing
between transactions with controlling shareholder and third party).
</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(iv) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Joint arrangements:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Joint arrangements are all entities over which the
Company shares control with one of more parties. Joint arrangements are
classified as joint operations or joint ventures, depending on the contractual
rights and obligations of each investor.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(v)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employee
benefits:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Post-employment benefits</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Post-employment benefits include pensions managed in
Brazil by Instituto Ambev de Previd&#234;ncia Privada &#8211; IAPP, post-employment dental
benefits and post-employment medical benefits managed by Funda&#231;&#227;o Zerrenner.
Usually, pension plans are funded by payments made by both the Company and its
employees, taking into account the recommendations of independent actuaries.
Post-employment dental benefits and post-employment medical benefits are
maintained by the return on Funda&#231;&#227;o Zerrenner&#8217;s plan assets. If necessary, the
Company may contribute some of its earnings to Funda&#231;&#227;o
Zerrenner.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company manages defined benefit and defined
contribution plans for employees of its companies located in Brazil and its
subsidiaries located in the Dominican Republic, Panama, Uruguay, Bolivia and
Canada.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev maintains funded and unfunded
plans.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">v.1) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Defined
contribution plans</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">A defined contribution plan is a pension plan under which
the Company pays fixed contributions into a fund. Company has no legal or
constructive obligations to pay further contributions if the fund does not hold
sufficient assets to pay all employees for the benefits relating to employee
service in the current and prior periods.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The contributions from such plans are recognized as an
expense in the period in which they are incurred.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">v.2) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Defined
benefit plans</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Typically, defined benefit plans define an amount of
pension benefit that an employee will receive on retirement, usually dependent
on one or more factors such as age, years of service and
compensation.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For defined benefit plans, expenses are assessed
separately for each plan using the projected unit credit </FONT></FONT><a name="page_195"></a><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">method. The projected unit credit method considers
each</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">period of service as an additional unit of benefit to
measure each unit separately. Under this method, the cost of providing pensions
is charged to the income statement during the period of service of the
employees. The amounts charged to the income statement consist of current
service cost, interest, past service costs and the effect of any settlements and
agreements. The obligations of the plan recognized in the balance sheet are
measured at the present value of the estimated future cash outflows using a
discount rate equivalent to the government&#180;s bond rates with maturity terms
similar to those of the obligation, less the fair value of the plan
assets.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">192</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_195></A>
<a name="_bclPageBorder195"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader195"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Past service costs result from the introduction of new
plans or changes to existing ones. They are immediately recognized in the income
statement for the year on whichever occurs first between the date of: (i)
settlements / agreements, or (ii) when the Company recognizes costs related to
restructuring or termination, unless the changes are conditional on the employee
remaining in their job for a specific period of time (the period during which
the right is acquired). In such case, costs of past services are amortized using
the straight-line method during the vesting period.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Actuarial gains and losses consist of the effects of
differences between the previous actuarial assumptions and what has actually
occurred, and the effects of changes in actuarial assumptions. Actuarial gains
and losses are fully recognized in comprehensive income.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Re-measurements consisting of actuarial gains and losses,
the effect of assets ceiling and the return on the plan&#8217;s assets, both excluding
net interest, are recognized in the statement of comprehensive income, in their
totality, during the period in which they occur. Re-measurements are not
reclassified for the income statement in subsequent periods. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">When the amount calculated for a defined benefit plan is
negative (an asset), Ambev recognizes such assets (prepaid expenses) to the
extent of the amount of the economic benefit available to Ambev either from
refunds or reductions in future contributions.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other post-employment
obligations</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company and its subsidiaries provide medical
benefits, reimbursement of certain medication expenses and other benefits to
certain previous retirees through Funda&#231;&#227;o Zerrenner. These benefits are not
granted to new retirees. The expected costs of these benefits are recognized
over the period of employment, using an accounting methodology similar to that
for defined benefit plans, including actuarial gains and losses.
</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Termination benefits</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Termination benefits are recognized as an expense on the
first of the following dates: (i) when Ambev is committed to a detailed formal
plan for terminating the employment relationship prior to the normal retirement
date, with no real possibility of withdrawing it; and (ii) when Ambev recognizes
restructuring costs. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bonus</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bonus granted to employees and managers are based on
attaining pre-defined individual and collective targets. The estimated amount of
the bonus is recognized as an expense in the period in which it
accrues.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Share-based payment:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Different compensation programs based on shares and
options allow members of Management and other executives appointed by the Board
of Directors to acquire the Company&#8217;s shares. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">193</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_196></A>
<a name="_bclPageBorder196"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader196"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The fair value of the stock options is measured on the
granting date using the most appropriate option pricing model. Based on the
expected number of options to be exercised, the fair value of the options
granted is recognized as an expense during the option vesting period against
shareholders&#8217; equity. When the options are exercised, shareholders&#8217; equity
increases by the amount of the proceeds received.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Provisions:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions are recognized when: (i) the Company has a
current (legal or non-formalized) obligation resulting from past events; (ii)
there is likely to be a future disbursement to settle a current obligation; and
(iii) the amount can be estimated with reasonable certainty. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The provisions, except for the ones mentioned in the
disputes and litigation topic, are measured by discounting expected future cash
flows at a pre-tax rate that reflects current market valuations of the value of
money over time and, when appropriate, the specific risks of the obligation. The
increase in the provision is recognized as a financial
expense.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Disputes and litigation</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Provisions for disputes and litigation are recognized
when it is more likely than not that the Company will be forced to make future
payments resulting from past events. These payments include, but are not limited
to, various claims, proceedings and lawsuits filed both by third parties and by
the Company in respect of anti-trust laws, violations of distribution and
licensing agreements, environmental matters, labor disputes, assessments by tax
authorities and other litigations.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current and
deferred income tax</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The corporate income tax (IRPJ) and social contribution
(CSLL) for the year represent current and deferred taxes. Income tax and social
contribution are recognized to the income statement, unless they involve items
directly recognized in the comprehensive income statement or other equity
account. In these cases the tax effect is also recognized directly in the
comprehensive income statement or equity account (except JCP, as per Note 3
(v)). </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expenses with current taxes is the expectation of payment
on the taxable income for the year, using the nominal tax rate approved or
substantially approved on balance sheet date, as well as any adjustment to tax
payable referring to previous years.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Deferred tax is recognized using the balance sheet
method. This means that in the case of taxable and deductible differences of a
temporary nature between the tax and accounting bases of the assets and
liabilities, the deferred asset or liability tax is recognized. Under this
method the provision for deferred tax is also calculated on the differences
between the fair value of the assets and liabilities acquired in a business
combination and their tax base. IAS 12 / CPC 32 Income Taxes provides that no
deferred tax be recognized when recognizing goodwill; and that no deferred asset
and/or liability tax be recognized (i) upon initial recognition of an asset or
liability arising from a transaction other than a business combination which at
the time of the transaction does not affect the book or fiscal income or loss;
and (ii) on differences involving equity investments in subsidiaries, provided
these are not reversed in the foreseeable future. The value determined for the
deferred tax is based on the expectation or realization or liquidation of the
temporary difference, and uses the nominal rate approved or substantially
approved.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Deferred tax assets and liabilities are offset where a
legal enforceable right to offset current tax assets and liabilities exists and
provided that they relate to taxes assessed by the same tax authority on the
same taxpayer, or different taxpayers who intend to settle current tax assets
and liabilities on a net basis or simultaneously realize the asset and settle
the liability.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">194</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_197></A>
<a name="_bclPageBorder197"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader197"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Deferred tax assets are recognized only to the extent any
future taxable income is likely to occur. Deferred income tax assets are reduced
to the extent no future taxable income is likely to occur.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Derivative financial instruments</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivatives financial instruments are intended to hedge
the Company against risks relating to foreign currencies, interest rates and
commodity prices. Derivative financial instruments which, in spite of being
contracted for hedging purposes, do not meet all hedging account criteria, are
recognized at fair value through income for the year.&nbsp; </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivative financial instruments are initially recognized
at fair value, which is the amount for which an asset could be exchanged, or a
liability settled, between knowledgeable, willing parties in an arm&#8217;s length
transaction. The fair value of derivative financial instruments can be
calculated based on market quotations; pricing models that consider current
market quotations; or the credit quality of the counterparty.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">After their initial recognition, derivative financial
instruments are again measured at fair value on the date of the financial
statements. Changes in the fair value of derivative financial instruments are
recorded in the income for the year, except when these instruments are intended
for hedging the cash flow or net investments, whose changes in fair value are
recorded in comprehensive income.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The concepts of cash flow, net investment and fair value
hedging are applied to all instruments that meet the hedge accounting
requirements of IAS 39/CPC38 - Financial Instruments: Recognition and
Measurement, including the maintenance of the documentation required and hedge
effectiveness testing.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounting of cash flow hedge</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">When a derivative financial instrument hedges the
exposure of cash flows of a recognized asset or liability, the foreign currency
risk and commodities price fluctuation associated to a transaction whose
performance is highly likely, the effective portion of any result (gain or loss)
with the derivative financial instrument is directly recognized in the
comprehensive result (cash flow hedged reserves). The ineffective portion of any
gain or loss is immediately recognized in the income
statement.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">When a hedge instrument or a hedge relationship is
extinct, but the hedged transaction is still expected to occur, the accumulated
gains and losses (until that point) remain in the comprehensive income, being
reclassified according to the above practice, when the hedge transaction occur.
If the hedged transaction is no longer likely to occur, the accumulated gains
and losses recognized in the comprehensive income are immediately reclassified
to the income statement.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounting of fair value hedge</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">When a derivative financial instrument hedges the
exposure to the variability in a fair value of a recognized asset or liability
or a firm commitment, any result (gain or loss) with a derivative financial
instrument is recognized in the income statement. The hedged item is also
recognized by the fair value in relation to the risk being protected, with the
respective recognized gains and losses in the income statement. Ambev shall
discontinue fair value hedge accounting when the hedge object expires, is sold,
is terminated or exercised.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounting of net investment hedge</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">When a derivative financial instrument hedges a net
investment in operations abroad, the effective portion of any result (gain or
loss) with the derivative financial instrument is recognized directly in the
comprehensive income (conversion reserves), while the ineffective portion is
recognized in the income </FONT></FONT><a name="page_198"></a><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">statement.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">195</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_198></A>
<a name="_bclPageBorder198"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader198"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the event of sale of the operation abroad, the
accumulated amount of the gains or losses directly recognized in the broad
result is transferred to the result of the fiscal year.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Derivatives measured at fair value by means of
income</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Certain derivative financial instruments do not qualify
for accounting of hedge. The variations in the fair value of any of these
derivative financial instruments are immediately recognized in the income
statement.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Nonrecurring items</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Nonrecurring items are those that, according to the
Management, need to be disclosed separately due to their dimension or levy. In
order to determine whether an event or transaction is non-recurrent or not, the
Management takes into consideration qualitative and quantitative factors, such
as the frequency or predictability of the event and of the potential impact on
the variation of profits or losses. These items are disclosed in the income
statement or separately in the financial statements' explanatory notes.
Transactions that may give rise to non-recurring items are mainly restructuring,
subsidiaries acquisition, impairment loss and gains and losses with the disposal
of assets and investments activities. </FONT></FONT></P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">196</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_199></A>
<a name="_bclPageBorder199"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader199"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.6 &#8211; Material items not mentioned in the financial
statements</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) the assets and liabilities directly or indirectly held
by the Company and not reflected in its balance sheet</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable since there is no material item not
reflected the Company&#8217;s financial statements, including the notes thereto,
especially notes 30 and 29.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) other items not mentioned in the financial
statements</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable since there is no material item not
reflected the Company&#8217;s financial statements, including the notes
thereto.</FONT></FONT></P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">197</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_200></A>
<a name="_bclPageBorder200"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader200"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.7 &#8211; Comments on items not mentioned in the financial
statements</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) how do those items change or may change the revenues,
expenses, operating income, financial expenses and other items in the financial
statements of the Company</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As mentioned in item 10.6 above, there are no items that
were not mentioned in our financial statements, including the notes
thereto.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) nature and purpose of the
transaction</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As mentioned in item 10.6 above, there are no items that
have not been mentioned in our financial statements, including the notes
thereto.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) nature and amount of the obligations assumed and
rights generated to the benefit of the Company as a result of the
transaction</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As mentioned in item 10.6 above, there are no items that
have not been mentioned in our financial statements, including the notes
thereto.</FONT></FONT></P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">198</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_201></A>
<a name="_bclPageBorder201"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader201"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.8 &#8211; Business Plan </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) investments (including quantitative and qualitative
descriptions of existing investments and anticipated investments, sources of
financing for existing and anticipated material investments and divestments),
particularly: (i) quantitative and qualitative description of existing and
anticipated investments; (ii) sources of financing for investments; and (iii)
relevant divestments in progress and anticipated.</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i. quantitative and qualitative description of existing
and anticipated investments</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In 2017, the investments in consolidated property, plant,
and equipment and intangible assets summed R$ 3,203.7 million, consisting of R$
1,859.7 million for our business segment in Latin America North, R$ 1,051.2
million related to investments in our Latin America South operations and R$
292.8 million related to investments in Canada. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In 2016, the investments in consolidated property, plant,
and equipment and intangible assets summed R$ 4,132.7 million, consisting of R$
2,450.1 million for our business segment in Latin America North, R$ 1,365.5
million related to investments in our Latin America South operations and R$317.1
million related to investments in Canada. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In 2015, the investments in consolidated property, plant,
and equipment and intangible assets summed R$ 5,261.2 million, consisting of R$
3,321.3 million for our business segment in Latin America North, R$ 1,654.1
million related to investments in our Latin America South operations and R$
285.8 million related to investments in Canada. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">These investments included, mainly, the expansion of the
productive capacity, quality control, automation, modernization and replacement
of the packaging lines, storage for direct distribution, coolers, and investment
for the replacement of bottles and crates, market assets of former players as
well as continued investment in information technology.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In 2018, we plan to invest with the purpose of
strengthening our growth platforms and improving our operational excellence
through innovations that may put us in a better position to best attend to the
consumer market.&nbsp; </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ii. sources of financing for
investments</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company has resources from its operating cash flow
generation and credit facilities extended by financial institutions in Brazil
and other countries.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Additionally, during the meetings held on August 28,
2015, and October 14, 2015, the Company approved the first (1<SUP>st</SUP>)
issue of debentures not convertible into shares, unsecured, of a single series,
in the amount of One billion </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(R$1,000,000,000.00), intended for public distribution
with restricted distribution efforts. Said issue was conducted according to
article 1, item I, of Law 12431. Accordingly, the funds raised by the Company
will be exclusively allocated to the investment projects (including
reimbursements, as provided for in Law 12431) described in the relevant deed of
issue, as amended, and included in the scope of the Company&#8217;s investment plan
(capex).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">iii. relevant divestments in progress and anticipated
</FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On this date, there are not any relevant divestments in
course or programmed for the future.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) acquisitions already disclosed of plants, equipment,
patents and other assets that may </FONT></B></FONT><a name="page_202"></a><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">significantly affect the production capacity of the
Company</FONT></B></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">199</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_202></A>
<a name="_bclPageBorder202"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader202"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">There has been no disclosure of acquisition of plants,
equipment, patents or other assets, other than those already described in item
10.8.a above that may significantly affect the production capacity of the
Company.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) new products and services</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Over the past few years, the Company invested in
launching new products and packs, and intends to continue investing in product
innovations. However, because this involves trade secrets, this information may
not be disclosed in advance.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In 2015, we launched Skol Ultra and extensions of Brahma
Extra in order to address different consumption situations and strengthen the
value of Skol and Brahma mother-brands. Additionally, we expanded our near beer
portfolio with the launch of Skol Beats Spirit, and improved the experience of
consumers at the bars with the launch of Cubo Skol, a new generation of coolers,
and Skol Draft, which is already available in over 10,000 points of sales in
Brazil. We have also announced an investment of R$180 million in a new
technological development center in Rio de Janeiro, seeking to boost product
innovation and the development of new liquids and new packages. The
development</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">center should start operating in 2017.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In 2016, we kept on aggregating new brands and beverages
to the beer and near-beer portfolio, including Bohemia-14 Weiss, Bohemia 838
Pale Ale, Bohemia Aura Lager, Tr&#234;s Fidalgas, new flavors of Colorado and Skol
Beats Secret. Among NAB, the highlight is "Do Bem", an addition made to the
group of juices and teas, which launched a new phase in our history. We have
also developed AMA, the mineral water whose profit is 100% sent to projects to
enable access to drinking water in the semi-arid region in Brazil. These are
initiatives which are part of a comprehensive market strategy of meeting the
demands of different consumers.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In 2017, with the purpose of offering people an
experience which goes beyond a glass of beer, we presented our customers with
special editions of our products, such as, Brahma Extra M&#228;rzen Lager, created to
celebrate the Brazilian editions of the Oktoberfest with a limited label which
reinforces the beer tradition of almost 130 years of such brand.&nbsp; To
celebrate the Brazilian fruits, regardless of the name, taste and appearance,
Colorado launched 4 beers: Eugenia, Nassau, Rosalia and Murica, this, for
instance, won the best Cream Ale of the World prize in the World Beer Awards
(London). Recognizing micro producers of the Brazilian ingredients used in our
beers, Colorado launched a limited edition with the producers mentioned in the
labels and 10% of the profits were destined to the relevant producers. We built
the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ateli&#234; W&#228;ls</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, which shelters cave, brewer, restaurant, office, store
and external area for food trucks, all in one place. Relating to non-alcoholic
beverages, the energetic drink brand </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fusion </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">expanded its portfolio in 3 lines of beverages. In
addition to the traditional line, launched </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Wake Up</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> and </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">T-Break</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, which blends Fusion with the taste of fruit juices,
iced tea, respectively. </FONT></FONT></P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">200</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_203></A>
<a name="_bclPageBorder203"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader203"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.9&#8211; Other factors with material
influence</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">There were no other factors with material influence in
the last three business years. </FONT></FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">201</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_204></A>
<a name="_bclPageBorder204"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader204"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">11.1-
Projections released and assumptions</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In its
earnings release for the year 2017, the Company did not report projections for
2018. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">202</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_205></A>
<a name="_bclPageBorder205"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader205"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">11.2 - In the
event of the issuer having disclosed projections for evolution of its indicators
during the last 3 fiscal years</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) State which are being replaced by new projections
included in the form and which are being repeated in the form</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Growth of COGS (cost of goods sold) per hectoliter,
excluding depreciation and amortization in Brazil, which was projected by the
Company for 2017 were not projected for 2018.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In its earnings release for the year 2017, the Company
did not report projections for 2018.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) for projections related to past periods, compare data
projected with actual performance of indicators, clearly showing the reasons for
differences in projections</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">COGS per hectoliter (excluding depreciation and
amortization) in Brazil in 2017 was projected in the Company's earnings release
of March 2, 2017, when it estimated growth (i) double-digit for the first half
of the year, and (ii)&nbsp; between low digit and an average for the second half
of 2017. In the May 4, July 27 and October 26, 2017 earnings releases, this
projection was maintained. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">At the end of the first semester of 2017, COGS per
hectoliter (excluding depreciation and amortization) in Brazil grew 22.3 percent
in line with our double-digit growth projection. And in the end of the second
semester of 2017, COGS per hectoliter (excluding depreciation and amortization)
in Brazil grew 1.0 percent also in line with our average growth or low digit
growth projection. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The cost of goods sold (excluding depreciation and
amortization) in Brazil in 2016 was projected in the Company&#8217;s earnings release
of February 25, 2016, when an increase between 13% and 17% in 2016 was
estimated, which was maintained in the earnings release of May 4, 2016. In the
earnings release for the 2<SUP>nd</SUP> quarter of 2016, on July 29, 2016, the
Company updated the projections for cost of goods sold (excluding depreciation
and amortization) in Brazil for 2016, expecting a growth between a low
single-digit and a high single-digit in the year, which was maintained in the
earnings release of October 28, 2016. In late 2016, the cost of goods sold
(excluding depreciation and amortization) in Brazil increased 7.9%, in line with
our projected growth.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The increase in sales, general and administrative
expenses (excluding depreciation and amortization) in Brazil in 2016 was
projected in the Company&#8217;s earnings release of February 25, 2016, when an
increase of a low single-digit in 2016 was estimated for the year, which was
maintained in the earnings release of May 4, July 29 and October 28. In late
2016, the sales, general and administrative expenses (excluding depreciation and
amortization) in Brazil grew 3.5%, exceeding our projection. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The CAPEX in Brazil in 2016 was projected in the
Company&#8217;s earnings release on February 25, 2016, when levels below those of 2015
were estimated, which was maintained in the earnings release of May 4, July 29
and October 28. In late 2016, the total CAPEX in Brazil was R$2.0 billion, which
represents a reduction of 35% of such investments in Brazil in relation to the
previous year, in line with our projection. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">203</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_206></A>
<a name="_bclPageBorder206"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader206"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Growth of net revenue in Brazil in 2015 was projected in
the Company's February 26, 2015 earnings release, which estimated mid-range
single-digit growth for the year 2015. In its May 6, July 30 and October 30,
2015 earnings releases, the Company reaffirmed this projection.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">At the end of 2015, net revenues in Brazil grew 8.0%,
which was within the upper limit of our original expectation posted on February
26, 2015.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cost of goods sold (excluding depreciation and
amortization) in Brazil in 2015 was projected in the Company's earnings release
of February 26, 2015, when it estimated growth between an average digit and a
high digit for the year 2015. In the May 6 and July 30 earnings releases, this
projection was maintained. On October 30, for our third quarter earnings release
we updated the projection with estimated growth at the lower end of our original
mid-range single-digit estimate. In fiscal year 2015, cost of goods sold
(excluding depreciation and amortization) in Brazil increased 4.0% in the year,
which was in line with our projected increase.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">An increase in selling, general and administrative
expenses (excluding depreciation and amortization) in Brazil in 2015 was
projected in the Company's February 26, 2015 earnings release which estimated
the increase would be less than inflation, which was maintained for the May 6,
July 30 and October 30, 2015 earnings releases. At the end of 2015, selling,
general and administrative expenses (excluding depreciation and amortization) in
Brazil increased 8.3%, in line with our projection since headline inflation
reached a cumulative 10.67% for the year in Brazil.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Investment in Brazil in 2015 was projected in the
Company's February 26, 2015 earnings release which estimated levels similar to
or lower than the R$3.1 billion that we posted in 2015. In fiscal year 2015 we
invested a total of R$3.1 billion in Brazil, which was at the upper limit of our
projection.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) in relation to projections for currently ongoing
periods, state whether they remain valid on the date of submitting this Form; if
not explain why they were dropped or replaced.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In its earnings release for the year 2017, the Company
did not report projections for 2018.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">204</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_207></A>
<a name="_bclPageBorder207"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader207"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">12.1- Description of
management structure</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">a) responsibilities of
the board of directors</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">&nbsp;</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">and of the permanent
bodies and committees reporting to the board of directors</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">The Company is managed by a board
of directors and an executive board.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The board of
directors consists of at least three and not more than 15 members (plus two to
15 alternates, who may not be specifically attached to a full member), and at
least two members of the board must be independent members under Article 15,
paragraph 4, of the Company's By-laws. The board also has two co-chairpersons
with the same prerogatives and duties, who are elected by a majority vote of its
members. The internal regulation of the board of directors was approved in the
meeting of the board of directors held on July 31, 2013.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company's
executive board consists of at least two and not more than 15 members. Directors
and officers are elected for three-year terms of office and may be reelected.
</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The by-laws
enable the board of directors to set up advisory committees, consisting of a
majority of members of the board of directors, to analyze and discuss matters
defined as within their competence, and to formulate of proposals and
recommendations for resolution by the board of directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company's
board of directors has two advisory committees, an Operations, Finance and
Compensation Committee consisting of</FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>&nbsp;</FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a minimum of
three and a maximum of six members, which is the main link between policies and
decisions made by the board of directors and the Company's management, and a
Compliance Antitrust and Related Parties Committee consisting of a minimum of
three and a maximum of five members to advise the board of directors on specific
matters. The Company does not have a statutory audit
committee.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Board of Directors </FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Under the
by-laws and without prejudice to other legally attributed powers, the board of
directors:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">sets the
general course of the Company's business, approving guidelines, company policies
and basic objectives for all the main segments of business in which the Company
operates;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">approves
annual operating budgets for the Company's investments; </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">approves the
Company's strategic three-year plan;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(d)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">elects and
removes the Company's directors and officers and determines their
attributions;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(e)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">supervises the
activities of directors, at any time examine the Company's books and documents
and request information in any agreements entered into or due to be entered into
by the Company;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(f)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">from the
overall amount of compensation decided by the general meeting, attribute monthly
fees for each of the members of the Company's management;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(g)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">define the
general criteria for compensation and benefit policy (fringe benefits, profit
and/or revenue sharing programs) for the Company's management and senior
employees (those holding equivalent management positions);</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(h)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;designate the Company's independent
auditors;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">resolve on
issues of shares and warrants within the limit of the Company's authorized
capital;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">205</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_208></A>
<a name="_bclPageBorder208"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader208"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">(j)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">&nbsp;previously state their opinion of management's
report, the executive board's accounts and financial statements for the year and
examine monthly interim balances;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(k)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">submit a
proposal to the General Meeting as to allocation of the period's net
income;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(l)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">convene an
annual general meeting and, where considered appropriate, the extraordinary
general meeting;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(m)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">approve any
business arrangements or agreements between the Company and/or any of its
subsidiaries (except wholly controlled subsidiaries), its directors and/or
shareholders (including direct or indirect partners of the Company's
shareholders), without prejudice to the provisions in item "q"
below;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(n)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">approve the
Company's creation, subscription, acquisition, assignment, transfer, encumbrance
and/or disposal under any title or in any form, for any amount, of shares,
ownership interests and/or any securities issued by any company controlled by
the Company or associated with the Company, except in cases of transactions
involving only the Company and companies wholly controlled by it, or debt
transactions, and in the latter case the provisions of paragraph "o" below shall
be applicable;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(o)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">approve the
Company's debt transactions for amounts exceeding ten percent of shareholders'
equity as stated in the Company's latest audited balance sheet, this amount to
be applied for a single transaction or a series of related
transactions;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(p)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">approve the
execution, amendment, termination, renewal or cancellation of any contracts,
agreements or similar instruments involving trademarks registered or deposited
on behalf of the Company or any of its subsidiaries, except in cases of
licensing marks for use on gifts, promotional materials or publicity in events
for periods of less than three years;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(q)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">approve
lending and provisions of guarantees of any kind by the Company in amounts
exceeding one percent of shareholders' equity as stated in the Company's latest
audited balance sheet, for any third party unless for the Company's
subsidiaries;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(r)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">approve the
Company's entering into long-term contracts (for more than one year duration)
involving an amount exceeding five percent of shareholders' equity as stated in
the Company's latest audited balance sheet, this amount to be applied for a
single transaction or a series of related transactions; </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(s)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">decide on the
Company's holdings in other companies, or other undertakings, including
consortiums or unincorporated joint ventures;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(t)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">decide on
suspension of Company activities, except in cases of stoppages for maintenance
of its equipment;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(u)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">authorize the
acquisition of Company shares to be held in treasury for subsequent cancellation
or disposal, or the cancellation or subsequent sale of these shares subject to
applicable laws;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(v)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">decide on the
issue of promissory notes for public distribution pursuant to CVM Instruction
134/90 (or a rule that replaces it);</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(w)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">decide, within
the limits of authorized capital, on the issue of convertible debentures,
specifying the limit of capital increase resulting from conversion of
debentures, number of shares, and types and classes of shares that may be
issued, under article 59, paragraph 2 of Law 6404/76;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(x)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">authorize the
disposal of fixed assets, except those referred to in item "n" above, and
providing security interest worth more one percent of the Company's
shareholders' equity as stated in its latest audited balance, this amount to be
applied for a single transaction or a series of related transactions;
</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">206</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_209></A>
<a name="_bclPageBorder209"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader209"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">(y)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">exercise other legal attributions conferred on it by the
general meeting or under by-laws; and</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(z)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">to resolve any
omissions from by-laws and exercise other attributions that the law or its
by-laws do not attribute to another Company body.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The board of
directors may, based on a plans approved by the general meeting, grant stock
options and restricted shares to members of management, employees or individuals
providing services to the Company or companies under its
control.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Under its
by-laws, the board of directors may decide to have balance sheets compiled at
half-year or shorter intervals and approve distribution of dividends and/or
interest on shareholders' equity based on the profits posted in said balance
sheet, subject to the provisions of Article 204 of Law No. 6404/76, and may also
resolve to distribute interim dividends and/or interest on shareholders' equity
using retained earnings or profit reserves in the latest annual balance
sheet.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">As provided
for above, the board of directors shall indicate and replace the Company&#8217;s
independent auditors. The auditor&#8217;s work and the annual work plan are annually
assessed by the fiscal council, considering that the Company&#8217;s fiscal council
performs functions of audit committee for the 2002 Sarbanes-Oxley Act purposes
to the extent permitted by the Brazilian legislation, such assessment being
subsequently reported to the board of directors, at least annualy, by the
president of the fiscal council and by the head of the internal auditing area of
the Company.. Under the terms of the fiscal council&#8217;s Internal Regulation, such
body shall verify with the Company&#8217;s independent auditors the qualification and
independence of the auditors, and shall present to the board of directors
recommendations on the maintenance or replacement of the contracted company. The
Company has a &#8220;Policy of Contracting Services Related or Not Related to the
Audit&#8221; approved by the board of directors in meeting held on August 30, 2013,
which aims to regulate the process of contracting, by the company and/or its
subsidiaries, services provided by the external auditors, whether such services
are related or not to the audit. According to such policy, the contracting of
any services provided by the external auditors shall be preceded by Fiscal
Council&#8217;s </FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">favorable
opinion, and may further depend on the approval of the board of directors and
the nature of the services in question. The Chief Financial and Investor
Relations Officer shall monitor the compliance with the policy. The managers
shall further endeavor, together with the independent auditors, in order to the
communication relating to the last financial year is timely made available,
pursuant to the rules applicable thereto. Finally, the Company observes the
rotation in its independent auditors at the maximum of five years, under the
terms of CVM Instruction 308/99, as amended, with a minimum interval of three
years for a new contract with the same independent auditor.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Operations, Finance and Compensation
Committee</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The purpose of
the Company's Operations, Finance and Compensation Committee, created through a
resolution of the board of directors in meeting held on July 31, 2013, date when
its Internal Regulations was also approved by the board of directors, is to
advise the board of directors on the following matters:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">monitoring the
Company's three-year plan;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">issuing its
opinion on decisions taken by the board of directors on compensation policy for
Company directors and high-performance employees, including their individual
compensation packages in order to ensure alignment of interests between
shareholders and beneficiaries of compensation packages, and ensure the latter
have adequate compensation and incentives to achieve exceptional
performance;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">monitoring the
evolution of the Company's actuarial liabilities and investments in pension
plans;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(d)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">issuing its
opinion on any technical feasibility study prepared by the board in relation to
the expectation of generating future taxable income discounted to present value
that will enable the realization of deferred tax assets;</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">207</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 61.05pt 10pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">(e)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">monitoring investor relations strategy and the evolution of the Company's ratings placed by risk rating agencies;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(f)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">monitoring the evaluation of board members, key executives and talents and their respective succession plans;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(g)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">issuing its opinion on the Company's annual investment planning (capex);</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(h)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">issuing its opinion on the board's proposals in relation to opportunities for corporate restructuring, mergers, acquisitions, spin-offs, consolidations or disposals of equity interests involving the Company; </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">monitoring the Company's capital structure and cash flow and issuing its opinion on strategy for remunerating the Company's shareholders; and</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(j)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">verifying compliance with the Company's financial risk management policy.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Compliance Antitrust and Related Parties Committee </FONT></U></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The role of the Compliance Antitrust and Related Parties Committee of the Company, created through a resolution of the board of directors in meeting held on July 31, 2013, date when its Internal Regulations was also approved by the board of directors, is to advise the board of directors on the following matters:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">situations of conflict of interest in general, between the Company and related parties;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;the Company's compliance with legal, regulatory and statutory provisions relating to related party transactions;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;the Company's compliance with legal, regulatory and statutory provisions relating to competitive behavior; and</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(d)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">other matters that the board judges relevant and in the Company's interests.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b) In relation to statutory board members, their individual attributions and powers, indicating if the board has its own internal regulation and, if so, informing the body in charge of the approval, date of approval and, in case the issuer shall disclose the regulation, where the document may be consulted in the world wide web.</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The executive board is the Company's representative body and is responsible for all business management acts and measures. The executive board does not have its own internal regulation.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The following </FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">are the specific attributions of the executive board members of the Company:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The General Manager shall:</FONT></U></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">submit annual plans and budgets, investment plans and new expansion programs for approval by the board and implement them as approved;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">formulate the Company's strategies and operational guidelines, and determine criteria for the implementation of resolutions of the general meeting and board of directors, with the participation of the other officers;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;supervise all the Company's activities, affording guidance as appropriate for its corporate purpose;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(d)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">coordinate and supervise the executive board's activities; and</FONT></FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">208</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">(e)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">exercise any other attributions assigned by the board of
directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
Chief Sales Officer shall:</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">develop the
Company's strategic sales planning;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">be responsible
for managing the sales team and developing and deploying a model for acting in
this activity; and</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">exercise any
other attributions assigned by the board of directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
Chief People and Management Officer shall:</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">manage and
administer the Company's human resources; and</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">exercise any
other attributions assigned by the board of directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
Chief Logistics Officer shall:</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">determine,
manage and be responsible for the Company's pre- and post-production
distribution logistics strategy; and</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">exercise any
other attributions assigned by the board of directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
Chief Marketing Officer shall:</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">be responsible
for directing, planning and controlling the Company's marketing activity;
and</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">exercise any
other attributions assigned by the board of directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
Chief Industrial Officer shall:</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">manage Company
branches, warehouses, factories and other business units related to industrial
production; and</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">exercise any
other attributions assigned by the board of directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
Chief Soft-Drinks Officer shall:</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">coordinate and
supervise the non-alcoholic and non-carbonated beverages sector, and determine
its planning; and</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">exercise any
other attributions assigned by the board of directors..</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
Chief Financial and Investor Relations Officer shall:</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">manage and be
responsible for controlling the Company's budget;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">provide
financial and management information;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">be responsible
for control of cash flow and the Company's investments;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(d)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">provide all
and any information required to investors, the Brazilian Securities Commission
and B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o; </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(e)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;maintain
the Company's publicly listed registration; and</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">209</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_212></A>
<a name="_bclPageBorder212"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader212"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 60.95pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">(f)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">exercise any other attributions assigned by the board of
directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
Chief Legal Officer shall:</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">determine,
manage and coordinate legal strategy adopted by the Company and supervise its
judicial and administrative proceedings;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;be
responsible for the Company's corporate acts; and</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">exercise any
other attributions assigned by the board of directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
Chief Corporate Relations Officer shall:</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;be
responsible for the Company's external communication and for its corporate and
governmental relations; and</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">exercise any
other attributions assigned by the board of directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
Chief Information Technology and Shared Services Officer
shall:</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">be responsible
for directing, planning and controlling the Company's information technology
department and its shared services center; and</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">exercise any
other attributions assigned by the board of directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The Company's
directors and officers shall exercise attributions assigned to them by the board
of directors, which may decide specific titles for their positions.
</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The General
Manager and other officers, of whom two acting together in all cases, have
powers to represent the Company for documents that involve commercial, banking,
financial or equity liability for the Company, such as contracts in general,
check endorsements, notes promissory notes, bills of exchange, trade bills and
any credit securities in general, admission of debt, providing guarantees and
sureties, credit facility agreements, measures taken by affiliates, powers of
attorney </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">ad negotia</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman"> and
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">ad judicia</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">, or any other
acts involving liability for the Company or discharging obligations to
third-parties or to the Company itself.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The Company's
representation for the abovementioned documents may be delegated and they may be
signed by an attorney together with a director or by two attorneys jointly,
provided that the latter`s powers of attorney are signed by two
officers.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The Company
shall be represented by any of the directors or a duly authorized attorney in
cases of receiving services of processes or notifications or providing personal
testimony.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c)
Date of establishment of the fiscal council, if not permanent, informing if it
has its own internal regulation and, if so, indicating the date of its approval
by the fiscal council and, in case the issuer shall disclose the regulation,
where the document may be consulted in the world wide web.</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
fiscal council consists permanently of a minimum of three and a maximum of five
members (and the same number of deputies), with term of office until the first
annual general meeting that shall be held after the election of its members, the
reelection being permitted.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The fiscal
council has its own internal regulation, which was approved by the Fiscal
Council in the meeting held on July 30, 2013.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">210</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_213></A>
<a name="_bclPageBorder213"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader213"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Fiscal Council </FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><U><FONT size=2></FONT></U>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Under the
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Law No.
6404/76, the Company's by-laws and its internal regulations, the Fiscal Council
shall:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;through
any of its members, supervise management's actions and verify compliance with
their legal and statutory duties;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">issue its
opinion on management's annual report, including any supplementary information
it judges necessary or useful for the general meeting's
deliberation;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;issue
its opinion on proposals from management bodies to be submitted to a general
meeting relating to alterations in share capital, debenture issues or
subscription warrants, investment plans or capital budgets, dividend
distributions, transformation, consolidation, merger or
spin-off;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(d)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;any of
its members may report errors, frauds or crimes found to management bodies and,
if the latter fail to take the necessary measures to protect the Company's
interests, report them to the general meeting, and suggest useful measures for
the Company;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(e)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;call an
annual general meeting if the management bodies delay doing so for more than one
month, or call an extraordinary general meeting whenever there are serious or
urgent reasons for doing so, and having any matters they believe necessary
placed on the meeting's agenda;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(f)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;on a
quarterly basis or more often, analyze the balance sheet and other financial
statements periodically prepared by the Company;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(g)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">examine each
fiscal year's financial statements and issue their opinion on
them;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(h)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">exercise the
above duties during liquidation, in view of the special provisions regulating
the latter;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;in its
internal regulations determine procedures for receiving, registering and
treatment to be given to complaints received regarding accounting, internal
accounting controls and related matters to the Company's auditors, as well as
any other communication received on such matters;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(j)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">attend
meetings of the board of directors that deliberate on matters on which it should
state its opinion;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(k)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">attend or at
least be represented by one of its members at general meetings that decide on
matters on which it should state its opinion, and respond to requests for
information made by the Company's shareholders;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(l)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;whenever
so requested by shareholders or group of shareholders representing at least five
percent of the Company's capital, provide information exclusively on matters
within its competence;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(m)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;ask the
company's management to provide clarification or information related to its
supervisory function or preparation of special financial or accounting
statements;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(n)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">make annual
recommendations to the Company's board of directors on proposals to engage
independent auditors, including the annual audit plan and other pertinent
issues;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(o)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">verify certain
matters stipulated in its internal regulations together with the Company's
independent auditors;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(p)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">receive,
register, process and examine any complaints that may be received in relation to
accounting, internal accounting controls or subjects related to the Company's
audit, as well as anonymous tips or reports related to accounting fraud made by
employees or third parties; and</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">211</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_214></A>
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<a name="_bclHeader214"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">(q)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">resolve on the Fiscal Council's internal
regulations.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Additionally,
to the extent it is allowed to do so by Brazilian legislation, the Company's
fiscal council undertakes the role of an audit committee for the purposes of the
2002 Sarbanes-Oxley Act. The fiscal council's internal regulations state that at
least one of its members must meet Sarbanes-Oxley requirements being eligible as
the fiscal council (audit committee) financial expert. Therefore, the membership
of the fiscal council includes a "financial expert" as required by the
Sarbanes-Oxley Act, namely, Mr. Jos&#233; Ronaldo Vilela Rezende, who has extensive
experience as a finance professional</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">d)
</FONT></B></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;If there
are mechanisms for evaluating the performance of the board of directors and each
body or committee that reports to the board of directors and, if so,
informing:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">i.</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">the
periodicity of the evaluation and its comprehensiveness, indicating whether the
evaluation is made only in relation to the body or it also includes the
individual evaluation of its members</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">ii.</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">methodology
adopted and main criteria use in the evaluation;</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">iii.</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">how the
evaluation results are used by the issuer to improve the functioning of such
body; and</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">iv.</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">if external
consultancy or advisory services were contracted.</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><EM><FONT size=2></FONT></EM>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Members of the
board of directors perform a self evaluation every year. The officers are
objectively evaluated annually based on targets related to the Company's
performance and this evaluation is used to ascertain their right to variable
compensation, and there shall be no contracting of third parties for this
evaluation. Mechanisms used to evaluate the performance of officers in relation
to the Company's variable compensation system are described in section 13.1.(d)
hereof.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Additionally,
officers' competencies are evaluated annually by their peers and subordinates
and by self-assessment (360&#186; evaluation), and there shall be no contracting of
third parties for this evaluation. Such evaluation process occurs in the months
of May and June of each year and it is divided in the following stages: (i)
appointment of evaluators; (ii) validation by the manager; (iii) evaluation
360&#186;; and (iv) submission of the final report and feedback meeting. Relating to
the manager, the General Officer is evaluated by the Joint Chairman of the Board
of Directors, and the others statutory officers by the General Officer; In
addition, the Board of Directors annually evaluates the officers performance as
whole, analyzing also the achievement of the individual&#8217;s and entity&#8217;s
goals.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Such annual
evaluation is based on leadership skills related to three logic principal
pillars of the Company (Dream Big, Develop People and Live the Culture), namely:
(i) make the dream come true; (ii) leadership of changes; (iii) talents
developments; (iv) encouraging diversity and inclusion; (v) impacting
leadership; and (vi) conducting to results. Thus, in addition to the achievement
of outcome goals associated to the Company&#8217;s performance, the officers are also
evaluated based on their compliance with the company&#8217;s culture and, as
consequence, to its principles.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">212</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_215></A>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">12.2- General meetings
- rules, policies and practices</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">a) advance
notice</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Considering
that the Company is an issuer of shares that back the ADR program, its advance
notice of its general meetings must be given at least 30 days in advance,
pursuant to Article 8 of CVM Instruction No. 559/15.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">CVM may, at
its sole discretion, by reasoned decision of its collective membership, at the
request of any shareholder, and having heard the Company`s submission: (i)
extend for up to 30 days, as of the date on which documents relating to matters
to be resolved are to be disclosed to shareholders, on giving notice of
publishing the first announcement calling a general meeting of a publicly listed
company if the purpose of said general meeting is to deliberate on matters that,
due to their complexity, require more time to be understood and analyzed by
shareholders; and (ii) suspend for up to 15 days the course of advance notice
for an extraordinary general meeting of a publicly listed company in order to
study and analyze proposals to be submitted to the meeting and if necessary
inform the Company before the end of the period of suspension as to the reasons
it believes the deliberation proposed for the meeting will violate legal or
regulatory provisions.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b)
powers</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">General
meetings of the Company's shareholders have powers to decide all business
matters relating to the Company's charter purpose and take any measures deemed
necessary for its protection and development.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company's
shareholders general meetings, in accordance with by-laws and Law 6404/76, have
exclusive powers to:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">amend by-laws
or even alter the company`s charter purpose;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">elect or
remove members of the board of directors or fiscal council at any
time;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">examine
management's annual accounts and discuss and vote each reporting period's
financial statements;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">suspend the
exercise of shareholder rights;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">resolve on the
valuation of assets that shareholders contribute to share
capital;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">authorize
issues of shares;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">resolve on
conversion, consolidation, merger and de-mergers, dissolution or liquidation of
the Company and termination of its state of liquidation, and elect and remove
liquidators and judge their accounts;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">authorize
management to file for bankruptcy and apply for court- supervised or
extrajudicial reorganization;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">alter
preferences, advantages and conditions of redemption or amortization of one or
more classes of preferred shares, or create a more favored
class;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">issue
preferred shares or add to existing class of preferred shares without retaining
proportion to other classes of preferred shares;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">reduce
mandatory dividend payouts;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">participate in
groups of companies;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">set overall
compensation for directors and officers and fiscal council
members;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">attribute
bonus shares and decide on any splits;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">decide on
allocation of net income, either distributing it to shareholders or adding to
the share capital (beyond the limit of authorized capital);
and</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">decide on
stock option programs or share subscription plans for directors and officers,
employees or individuals providing services to the Company, as well as managers,
employees or providers of service in companies controlled by the
Company.</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">213</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">c) physical or electronic addresses at which documents concerning general meetings will be available for shareholders to analyze</FONT></B></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%">&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Electronic addresses: </FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=blue face="times new roman">ri</FONT></U><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" color=blue face=Calibri,sans-serif>.ambev.com.br</FONT></U><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">; </FONT></FONT><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" color=blue face=Calibri,sans-serif>http://www.cvm.gov.br</FONT></U><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">; </FONT></FONT><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" color=blue face=Calibri,sans-serif>http://www.bmfbovespa.com.br</FONT></U><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">.</FONT></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Mail address: Rua Dr. Renato Paes de Barros, 1.017, 4&#186; andar, CEP 04530-001, S&#227;o Paulo, State of S&#227;o Paulo.</FONT></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">d) identification and management of conflicts of interest</FONT></B></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Law No. 6404/76 precludes shareholders voting in general meeting deliberations involving valuations of assets that contribute to share capital or approval of their accounts as directors or officers, or any other matter that may benefit them in particular, or that involves a conflict of interests with those of the Company. Additionally, Article 19, paragraph 3 of the Company's Bylaws states that "</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">members of the board of director must not have access to information, or participate in board meetings, related to matters in which they have or represent interests conflicting with the Company's</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">." </FONT></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Any decision made as a result of shareholders voting that have a conflict of interest with the Company may be annulled; said shareholder shall be liable for damages and obliged to transfer any benefits they have obtained to the Company.</FONT></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">e) management&#8217;s request of proxies for exercise of voting rights</FONT></B></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company has no rules, policies or practices for management's request of proxies for the exercise of voting rights at general meetings.</FONT></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">f) formal requirements for acceptance of shareholders&#8217; proxies, stating whether the Company requires or waives authentication of their signatures, notarization, consularization and certified or sworn translations and whether the Company accepts proxies granted by shareholders using electronic media</FONT></B></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Under Law No. 6404/76, shareholders may be represented at general meetings by a proxy designated within the previous year who must be a shareholder, company officer or attorney. For publicly listed companies, as is the case of the Company, a proxy may also be a financial institution or investment fund administrator representing fund shareholders.</FONT></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">To take part in general meetings, a shareholder representative must bear a document proving his or her identity and respective powers to attend a general meeting. The Company requires that, if possible, the powers of attorney with special powers of representation in the general meeting are filed in the Company&#8217;s head-office within three (3) business days of the date of the meeting.&nbsp; </FONT></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The CVM Board meeting held on November 4, 2014 (CVM Case RJ2014/3578) ruled that corporate shareholders may be represented at shareholders' meetings through their legal representatives or duly appointed representatives in accordance with the company's articles of incorporation and Civil Code rules.</FONT></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company requires authentication of signatures, notarization, consularization and certified or sworn translations of shareholders&#8217; proxies, as applicable. The Company does not accept electronically issued shareholders' proxies.</FONT></FONT></P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">214</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">g) formal requirements for acceptance of remote votes when sent directly to the company, stating whether the issuer requires or waives authentication of signatures, notarization and consularization</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">In view of the provisions of CVM Instruction No. 570/15, the provisions of CVM Instruction No. 481/09 related to the adoption of distance voting became mandatorily applicable to the Company as of January 1, 2017.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Thus, the shareholder which chooses to exercise its distance voting right by sending it directly to the Company must send the following documents to the Company at Rua Dr. Renato Paes de Barros, 1017, 4&#186; andar, CEP 04530-001, S&#227;o Paulo/SP, to the attention of the Investor Relations Department (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Departamento de Rela&#231;&#245;es com Investidores</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">):</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i) distance voting instrument concerning the general meeting, duly filled out, with all its pages initialed and signature certified by a notary public;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(ii) statement indicating its shareholding status in the Company; and</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(iii) certified copy of the following documents:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 57.35pt; LINE-HEIGHT: 115%; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">for individuals: identity document with photo of the shareholder;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 57.35pt; LINE-HEIGHT: 115%; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">for legal entities: (a) last consolidated by-laws or articles of association, as the case may be, (b) other documents that evidence the powers granted to the legal representative(s) of the shareholder, pursuant to its by-laws or articles of association, including, without limitation, minutes of election of directors, officers, powers of attorney, etc., and (c) identity document with photo of the legal representative(s);</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 57.35pt; LINE-HEIGHT: 115%; TEXT-INDENT: -18pt"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">for investment funds: (a) last consolidated regulations of the fund, (b) by-laws or articles of association of its administrator or manager, as the case may be, subject to the voting policy of the fund, (c) other documents that evidence the powers granted to the legal representative(s) of the manager or administrator of the fund, as the case may be, and (d) identity document with photo of the legal representative(s).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">The following identity documents will be accepted, provided they have a photo of the bearer: Identity Card (RG), Foreigner&#8217;s Identity Card (RNE), Driver&#8217;s License (CNH), passport or a document issued by a duly recognized professional association.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In relation to the documents indicated in items </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">i</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> to </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">iii</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> above, the Company requires that the signatures are certified by a notary public and by an embassy or consulate and that the documents are translated by a sworn translator, as the case may be.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The distance voting instruments, along with their respective documentation, will only be considered if received by the Company, in good order and in compliance with the provisions above, within up to seven days before the date of the meeting to which they refer. Pursuant to Article 21-U of CVM Instruction No. 481/09, the Company will inform the shareholder whether the documents received are sufficient for the vote to be deemed valid or the procedures and terms for any rectification or for resending, if necessary.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">h) whether the company has an electronic system for receiving remote voting or for remote participation</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Pursuant to CVM Instruction No. 481/09, the shareholder may exercise its voting right in general meetings by filling and handing out the distance voting instrument: (i) at the annual general meeting; (ii) whenever the general meeting is called to resolve on the election of (a) members of the fiscal council or (b) the board of directors, when the election is necessary to due vacancies in the majority of offices of the board, due to vacancy in the board of directors that has been elected by multiple vote or to fill vacancies intended for separate voting as addressed by Articles 141, Paragraph 4, and 239 of Law No. 6404/76; and (iii) whenever the extraordinary general meeting is called to be held on the same date fixed to the annual general meeting.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">For more information about the distance voting procedure, see other sections of item 12 of this Reference Form.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">215</FONT></P></DIV>

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<a name="_bclHeader218"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">i) instructions for a
shareholder or for groups of shareholders to include resolutions to be moved,
slates or candidates for membership of the board of directors and fiscal council
on the remote voting form</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Since January
1, 2017, if the shareholder wishes to include proposals for resolution or
candidates to be members of the board of directors or the fiscal council in the
distance voting instruments, it will be required to send such proposals by mail
to Rua Dr. Renato Paes de Barros, 1017, 4&#186; andar, CEP 04530-001, S&#227;o Paulo/SP,
to the attention of the Investor Relations Department (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Departamento de Rela&#231;&#245;es com Investidores</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">),
along with the documents concerning the proposal (including the information
mentioned in Article 21-M of CVM Instruction 481/09) and the status and interest
of the shareholder, within the terms and in the manner established in the
current regulation.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">j)
whether the Company offers internet forums or pages to receive and share
shareholders' comments on agendas for meetings</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
does not have internet forums or pages to receive or share shareholders'
comments on agendas for meetings.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">k)
other information required for remote participation exercise of voting rights
</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In addition to
the possibility of distance voting by sending the distance voting instrument
directly to the Company, the shareholders can send the instructions for
completion of the distance voting instrument to service providers which provide
services of collection and transmission of instructions for completion of the
distance voting instrument, such as:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i) the
shareholder&#8217;s custodian, if the shares are deposited in a central depository;
or</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(ii) Banco
Bradesco S.A., as the financial institution hired by the Company to provide
securities bookkeeping services, if the shares are not deposited in a central
depository.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
does not broadcast live video and/or audio of meetings.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">216</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_219></A>
<a name="_bclPageBorder219"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader219"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">12.3- Rules, policies
and practices relating to the Board of Directors</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">a) number of meetings
held in the last year, distinguishing between ordinary and extraordinary
meetings</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In 2017, 15
meetings of the Board of Directors were held, of which 8 ordinary and 7
extraordinary. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In general,
the board of directors holds ordinary meetings at least quarterly and
extraordinary meetings whenever necessary. Meetings of the board of directors
are convened at least 24 hours in advance by any of its co-chairpersons or a
majority of its members by letter, telegram, e-mail or
personally.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b)
provisions in the shareholders' agreement that place restrictions or conditions
on the exercise of voting rights by board members, if there are any such
provisions</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">AmBrew S.A.,
InterBrew International B.V and Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o
Nacional de Benefic&#234;ncia entered into a shareholders&#8217; agreement regulating the
exercise of voting rights arising from ownership of the Company's shares and the
exercise by the Company of voting rights arising from the ownership of shares or
ownership interests (quotas) representing the capital of its subsidiaries, among
other matters. The abovementioned Company's shareholders' agreement was signed
on April 16, 2013 and came into effect on July 30, 2013, the date on which the
stock swap merger was approved, and it shall remain in effect until July 1,
2019.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Although each
common share issued by the Company grants shareholders the right to vote in
elections of the Company's Board of Directors, Funda&#231;&#227;o Antonio e Helena
Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia, AmBrew S.A. and InterBrew
International B.V. have the prerogative of electing the majority of the
Company's board members.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Under the
Company's shareholders' agreement, each of the parts &#8211; Funda&#231;&#227;o Antonio e Helena
Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia, AmBrew S.A. and InterBrew
International B.V. - have representation on the boards of directors of the
Company and its subsidiaries and in addition to members and alternates will have
the right to designate up to two observers each to attend meetings of the
Company's board of directors without voting rights. The boards of directors of
the Company and its subsidiaries shall consist of at least three and no more
than 15 members and the same number of alternates, elected for three-year terms
of office and who may be re-elected.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia have the right
to designate four board members and their respective alternates to the boards of
directors of the Company and its subsidiaries, provided that it continues to
hold at least 1,501,432,405 Company shares (this number to be adjusted for
bonuses, splits and reverse splits). Under the Company's shareholders'
agreement, Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de
Benefic&#234;ncia shall not designate more than four directors even if its holding of
the Company's capital increases in relation to the minimum of 1,501,432,405
Company shares (this number to be adjusted for bonuses, splits and reverse
splits). AmBrew S.A. and Interbrew International B.V. may designate members and
alternates to the board of directors of the Company and its subsidiaries in a
proportion to the number of members designated by Funda&#231;&#227;o Antonio e Helena
Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia. The abovementioned proportion is
based on the ratio between the Company's voting capital held by Funda&#231;&#227;o Antonio
e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia and that held by AmBrew
S.A. and InterBrew International B.V. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
shareholders' agreement states that the Company will have two co-chairpersons of
the board of directors with the same rights and duties, one to be designated by
Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia and the
other jointly designated by AmBrew S.A. and InterBrew International B.V. In
event of a tied vote, neither of the co-chairpersons will have a casting vote on
matters submitted to the Company's board of directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">217</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_220></A>
<a name="_bclPageBorder220"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader220"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">Each party to the agreement in
question may remove a director they have appointed to a board of directors of
the Company or its subsidiaries, and also have the right to appoint their
replacement or another alternate if the originally appointed alternate is
confirmed for the vacant position. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company's
shareholders' agreement also states that shareholders may by consensus decide to
set up committees within the Company's board of directors for the purpose of
analyzing specific matters requiring specific technical
knowledge.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">On matters
submitted to a vote of the shareholders or their representatives on the board of
directors of the Company or its subsidiaries, Funda&#231;&#227;o Antonio e Helena
Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia, AmBrew S.A. and InterBrew
International B.V. shall endeavor to (i) to reach a consensus on the exercise of
their voting rights in the Company and its subsidiaries, and (ii) agree as to
how to instruct their representatives to vote matters on the agenda. The
Company's shareholders' agreement provides that the parties must hold a
preliminary meeting before any general meeting or meeting of the board of
directors of the Company or its subsidiaries in order to discuss and determine a
consensus position to be taken by the parties at said board meetings or general
meetings.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">If the parties
fail to reach a consensus on a particular matter, the position to be adopted by
all parties to the agreement will be determined by the shareholder or group of
shareholders holding the largest number of voting shares, which is currently the
group consisting of AmBrew S.A. and InterBrew International B.V. This rule does
not apply in cases of (i) election of members of the board of directors, which
must comply with the abovementioned specific election rules, and (ii) voting on
matters requiring the unanimous approval of Funda&#231;&#227;o Antonio e Helena Zerrenner
Institui&#231;&#227;o Nacional de Benefic&#234;ncia, AmBrew S.A. and InterBrew International
B.V. The following matters require unanimous approval:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">any alteration
to the By-laws of the Company and/or any of its subsidiaries that affects: (a)
its charter purposes, (b) the duration, and/or (c) composition, powers and
duties of management bodies;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">approval of
the annual investment budget of the Company and/or any of its subsidiaries if
the amount to be invested exceeds 8.7% of the Company's estimated net sales
revenue for the same fiscal year;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">appointment,
removal or replacement of the Company's General Manager;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">approval of,
or amendment to, the compensation policy for the Board of Directors and
management of the Company and its subsidiaries;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">approval of
stock option plans for directors and employees of the Company and/or its
subsidiaries;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">alteration of
statutory dividend policy of the Company and/or its
subsidiaries;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">capital
increases of the Company and/or any of its subsidiaries with or without rights
of first refusal of subscriptions, creation of a new class of shares or changes
in character of existing shares, capital decrease, debenture issues, convertible
to shares or not, subscription warrants and creation of beneficiary parties by
the Company and/or any of its subsidiaries except when such legal business
matters are transacted between the Company and its subsidiaries or between its
subsidiaries;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">mergers,
spin-offs, transformations, consolidations, acquisitions and divestitures
involving the Company and/or any of its subsidiaries, in the latter case (a)
when it involves a company that is not directly or indirectly controlled by the
Company and (b) provided that it leads to a reduction in the average dividend
paid out by the Company in the immediately previous five years, adjusted by the
IGP-M variation calculated by Funda&#231;&#227;o Getulio Vargas as of the date of each
payout;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">creation,
acquisition, assignment, transfer, encumbrances and/or disposal under any title
or form of shares and/or any securities issued by any of the subsidiaries,
except those in favor of the Company and/or another
subsidiary;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a debt
transaction that leads to a debt/equity ratio of more than 1.5 being entered
into by the Company and/or any of the subsidiaries;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">execution,
amendment, termination, renewal or cancellation of any contracts, agreements or
similar instruments involving trademarks registered or deposited on behalf of
the Company or its subsidiaries;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">loans and
guarantees of any kind made or provided by the Company and/or any of its
subsidiaries for more than 1% of the Company's shareholders&#8217; equity recognized
in the most recent audited balance </FONT></FONT><a name="page_221"></a><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">sheet, to any third party, except: (a) employees of the
Company and its subsidiaries; (b) the subsidiaries themselves;</FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">218</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_221></A>
<a name="_bclPageBorder221"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader221"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">election of members of the Company's board of directors
committees;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">cancellation
of registration of the Company and/or any of its subsidiaries as publicly traded
companies;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">application
for bankruptcy or bankruptcy by the Company and/or any of its
subsidiaries;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">liquidation or
dissolution of the Company and/or any of its subsidiaries; or </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face=symbol><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">engaging
external auditors for the Company and/or its subsidiaries.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company's
shareholders' agreement stipulates that if the parties fail to reach a consensus
in a preliminary meeting on any of the abovementioned matters, they will
exercise their voting rights in order to avoid approval of said matter. The
Company's shareholders' agreement also provides that any votes cast by Funda&#231;&#227;o
Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia, AmBrew S.A. or
InterBrew International B.V., or any of the board members appointed by each one
of them, that is in breach of shareholders' agreement shall be null, void and
ineffective.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">AmBrew S.A.
and InterBrew International B.V. and Funda&#231;&#227;o Antonio e Helena Zerrenner
Institui&#231;&#227;o Nacional de Benefic&#234;ncia and the Company, the latter acting as
intervening party, entered into a shareholders' agreement on April 16, 2013,
which will come into effect as of July 2, 2019 ("New Shareholders' Agreement"),
subject to the fulfillment of certain conditions. The effectiveness of the New
Shareholders' Agreement was subject to the approval of the stock swap merger
that took place on July 30, 2013, as mentioned in item 6.3 above, and its
effectiveness is subject to the maintenance by Funda&#231;&#227;o Antonio e Helena
Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia of the entitlement of a minimum
number of Company shares.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Among other
matters, the New Shareholders' Agreement regulates the exercise of voting rights
arising from ownership of shares and the exercise by the Company of voting
rights arising from ownership of shares or ownership interest (quotas)
representing the capital of its subsidiaries. The principal terms of the New
Shareholders' Agreement are described below. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The New
Shareholders' Agreement states that the Company's management shall consist of a
board of directors and an executive board. The Company's board of directors will
no longer have two co-chairpersons.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia shall be
entitled to elect two members and their alternates to the Company's board of
directors, provided that it maintains its ownership of at least 1,501,432,405
Company shares (this number to be adjusted for bonuses, splits and reverse
splits). One of the members of the board designated by Funda&#231;&#227;o Antonio e Helena
Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia shall be entitled to attend as an
observer the meetings of the Company's Operations, Finance and Compensation
Committee and its Compliance Antitrust and Related Parties Committee, as well as
those of any other committee that may be set up by the board. In addition, the
Parties to the New Shareholders&#8217; Agreement promise to make their best efforts to
enable said observer to attend meetings of the Fiscal Council. Funda&#231;&#227;o Antonio
e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia may remove directors it
appointed to the Company's board of directors and shall also be entitled to
appoint replacements or new alternates if the originally appointed alternate is
confirmed for the position thus vacated.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The New
Shareholders&#8217; Agreement further states that the Company's Board of Directors may
set up committees. The Company's Operations, Finance and Compensation Committee
and Compliance Antitrust and Related Parties Committee were set up at a meeting
of the Company's Board of Directors held immediately after concluding the stock
swap merge on July 31, 2013.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
abovementioned rules relating to the Company's management, to be stipulated in
the New Shareholders' Agreement, do not apply to the management bodies of the
Company's subsidiaries.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">219</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_222></A>
<a name="_bclPageBorder222"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader222"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">The Company's New Shareholders'
Agreement states that the Parties shall hold a preliminary meeting before any
general meeting or meeting of the Company's board of directors or its
subsidiaries to discuss and determine a consensus position to be taken by the
Parties at said general meetings or meetings.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">If the parties
fail to reach consensus on a matter in particular, the decision to be adopted by
all parties to the New Shareholders' Agreement will be determined by the
shareholder holding the largest number of voting shares. This rule does not
apply in case of deliberation on the following matters listed below: (i)
election of members of the board of directors or member of any committee set up
by the board of directors, which must comply with the above-mentioned specific
election rules; (ii) votes on the following matters that require unanimous
approval of the Parties: any amendment to Bylaws of the Company and/or any of
its subsidiaries to alter: (a) its business purpose and cease its production,
marketing and distribution of beverages; (b) the disposal of each fiscal year's
net income pursuant to the Company's By-laws and corresponding provisions in the
by-laws of its subsidiaries that are sponsors of Funda&#231;&#227;o Antonio e Helena
Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia; (c) the minimum mandatory
dividend of 40% of the Company's net income; (d) any other provisions that
alters the rights of Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de
Benefic&#234;ncia under the New Shareholders' Agreement; (e) the Company's conversion
into a different type of legal entity.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The New
Shareholders' Agreement shall be effective as of July 2, 2019, subject to the
abovementioned conditions and shall remain in force for the period in which
Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia
continues to hold at least 1,501,432,405 shares in the Company's capital (this
number to be adjusted for bonuses, splits and reverse splits). Funda&#231;&#227;o Antonio
e Helena Zerrenner National Institution of Philanthropic may cancel the New
Shareholders&#8217; Agreement at any time.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c)
rules for identifying and managing conflicts of interest </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Under Law
6404/76 a person must not be elected as a director of the Company, unless waived
by a general meeting, if they have interests conflicting with the Company's or
hold positions in companies that may be considered competitors in the market, in
particular, positions on their advisory boards, management bodies or fiscal
councils/audit committees.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Law 6404/76
also bars directors or officers from intervening in any corporate transaction in
which they have interests conflicting with the Company's interest, or in any
deliberation in this respect made by the other directors; in these cases, those
affected must notify their impediment and the nature and the extent of their
interest must be recorded in the minutes of meeting of the board of directors or
executive board. However, directors or officers and the Company may reach
agreements on reasonable and fair terms similar to those prevailing in the
market or terms that the Company would agree to with third
parties.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In relation
specifically to directors or officers who are also shareholders of the Company
and as per item 12.2 (d) above, Law 6404/76 states that a shareholder may not
vote in general meetings concerning valuations of assets to be added to capital
stock or approval of their accounts as directors or officers, or any other
deliberations that may benefit them in a particular way, or that involve
conflict of interests with the Company.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Any decision
made as a result of votes by shareholders that have a conflict of interest with
the Company may be annulled. The shareholder shall be held liable for damages
and be obliged to transfer any benefits obtained to the
Company.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">d)
If the issuer has a formally approved policy of appointment and filing positions
of the board of directors. </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company does not have a policy of appointment and
filing position of the board of directors. </FONT></FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">220</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_223></A>
<a name="_bclPageBorder223"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader223"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">12.4 - Description of
arbitration clause</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">Not applicable, since the
Company's By-laws do not stipulate commitment to arbitration to settle any
disputes between shareholders or between shareholders and the
Company.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 61.05pt 0pt 63.8pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 39.8pt 0pt 35.45pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></FONT>&nbsp;</P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">221</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_224></A>
<a name="_bclPageBorder224"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader224"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 1.45pt 0cm 0pt 7.35pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 13.55pt" face="times new roman">12.5 - Composition and professional experience of
management, fiscal council and statutory audit committee members
</FONT></B></FONT></P>
<P style="MARGIN: 0.2pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 10pt" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0.2pt 0cm 0pt">&nbsp;</P>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD colSpan=5>
      <DIV style="PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt">&nbsp;</DIV></TD></TR>
  <TR>
    <TD style="BACKGROUND: gainsboro; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=5>
      <P style="MARGIN: 2.5pt 0cm 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Name&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Date of
      birth&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Management
      body&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Date
      elected&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Term of office</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2.6pt 0cm 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Taxpayer No. (CPF)</FONT></B></P>
      <P style="MARGIN: 2.6pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.6pt 0cm 0pt 1.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Profession</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="20%">
      <P style="MARGIN: 2.6pt 0cm 0pt 1.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Elected
      position held</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="12%">
      <P style="MARGIN: 2.6pt 0cm 0pt 7.85pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Date
      took office</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="16%">
      <P style="MARGIN: 2.6pt 0cm 0pt 1.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Elected
      by controlling shareholder</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="100%" colSpan=5>
      <P style="MARGIN: 2pt 0cm 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Other
      issuer positions or duties </FONT></B></P></TD></TR>
  <TR>
    <TD colSpan=5>
      <P style="BACKGROUND: #d9d9d9; MARGIN: 0cm 1.5pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Whether the member shown is an independent member,
      and if so, the criterion used by issuer to determine
      independence</FONT></B></P>
      <P style="BACKGROUND: #d9d9d9; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Number
      of consecutive terms of office.</FONT></B></P></TD></TR>
  <TR>
    <TD colSpan=5>&nbsp;</TD></TR></TABLE>
<P style="MARGIN: 0.2pt 0cm 0pt">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Bernardo Pinto Paiva </FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">September 19, 1968</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Executive board</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2019</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">927.838.997-87</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Engineer</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">General
      Manager</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Officer
      elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">1<SUP>st</SUP> term of office. </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 2pt 0cm 0pt 2pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Ricardo
      Rittes de Oliveira Silva</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">January
      24, 1975</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">June
      30, 2018</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">256.612.158-35</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Engineer</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Chief
      Financial and Investor Relations officer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the executive board </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Officer
      elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">2<SUP>nd</SUP> term of office in this position.
      Previously (from July 31, 2013) Chief Information Technology and Shared
      Services Officer </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Pedro
      de Abreu Mariani</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">October
      29, 1966</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2019</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">929.007.207-53</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Attorney</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Legal
      and Corporate Relations officer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Officer
      elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">2<SUP>nd</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Ricardo
      Morais Pereira de Melo</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">December 1, 1971</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2019</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">765.157.884-87</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Civil
      engineer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Sales
      Officer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Officer
      elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">2<SUP>nd</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Eduardo
      Braga Cavalcanti de Lacerda</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April
      16, 1976</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">November 6, 2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2019</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">072.401.457-86</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Engineer</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Soft
      Drinks Officer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">January 1,
      2018</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Officer
      elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">1<SUP>st</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">222</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_225></A>
<a name="_bclPageBorder225"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader225"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Maur&#237;cio Nogueira Soufen</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">February 11, 1969</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Executive board</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">October
      19, 2016</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2019</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">162.743.818-13</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Mechanical engineer &#8211; automation and
      systems</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Industrial and Logistics Officer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">October
      19, 2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Officer
      elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">1<SUP>st</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Daniel
      Cocenzo</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April
      9, 1974</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">January
      31, 2018</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2019</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">029.453.467-96</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Administrator</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Premium
      and High End Officer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">February
      1, 2018</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Officer
      elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">1<SUP>st</SUP> term of office </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Fabio
      Vieira Kapitanovas</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">July
      29, 1977</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2019</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">291.079.138-69</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">engineer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">People
      and Management Officer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Officer
      elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">2<SUP>nd</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Paula
      Nogueira Lindenberg</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">September 20, 1975</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2019</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">267.121.178-36</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Administrator</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Marketing Officer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Officer
      elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">2<SUP>nd</SUP> term of office. </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Fernando Maffessoni</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">August
      7, 1977</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">January
      31, 2018</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2019</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.05pt">
    <TD style="HEIGHT: 31.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">928.806.140-15</FONT></P></TD>
    <TD style="HEIGHT: 31.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Administrator</FONT></FONT></P></TD>
    <TD style="HEIGHT: 31.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 7.1pt 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Chief
      Information Technology and Shared Services Officer</FONT></P></TD>
    <TD style="HEIGHT: 31.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">April 1,
      2018</FONT></P></TD>
    <TD style="HEIGHT: 31.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Officer
      elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">1<SUP>st</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 7.1pt 0pt 2pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Rodrigo
      Figueiredo de Souza</FONT></P></TD>
    <TD vAlign=top width="19%">&nbsp;<FONT style="FONT-SIZE: 9pt" face="times new roman">December 09, 1975</FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 11,
      2019</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">200.176.968-79</FONT></P></TD>
    <TD vAlign=top width="19%">&nbsp;<FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Engineer</FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 1cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Supplies Officer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 11,
      2016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the executive board</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Officer
      elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">2<SUP>nd</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Victorio Carlos De Marchi</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">November 13, 1938</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Board
      of Directors</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April
      28, 2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until
      the 2020 AGM</FONT></P></TD></TR>
  <TR style="HEIGHT: 7.9pt">
    <TD style="HEIGHT: 7.9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">008.600.938-91</FONT></P></TD>
    <TD style="HEIGHT: 7.9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Attorney</FONT></FONT></P></TD>
    <TD style="HEIGHT: 7.9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Co-chairman</FONT></P></TD>
    <TD style="HEIGHT: 7.9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">April 28,
      2017</FONT></P></TD>
    <TD style="HEIGHT: 7.9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Chairman of the Operations, Finance and
      Compensation Committee and the Compliance Antitrust and Related Parties
      Committee </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling
      shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>rd</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">223</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_226></A>
<a name="_bclPageBorder226"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader226"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Carlos
      Alves de Brito</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 08,
      1960</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Board
      of Directors</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April
      28, 2017</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until
      the 2020 AGM</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">595.438.507-63</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Engineer</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Co-chairman</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">April 28,
      2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of
      co-chairman of the board of directors </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling
      shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>rd</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Milton
      Seligman</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">August
      19, 1951&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Board
      of Directors</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">January
      11, 2018</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until
      the 2020 AGM</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">093.165.740-72</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Engineer</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Full
      member</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">January
      11, 2018</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">&nbsp;Not applicable, since the only position held
      in the Company is that of member of the board of directors</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">1<SUP>st</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Jos&#233;
      Heitor Attilio Gracioso</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">November 20, 1931</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Board
      of Directors</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April
      28, 2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until
      the 2020 AGM</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2.05pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">006.716.908-25</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Attorney</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Full
      member</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">April 28,
      2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Member
      of the Compliance Antitrust and Related Parties Committee</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling
      shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>rd</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Michel
      Dimitrios Doukeris&nbsp;</FONT></P>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">810.940.279-87</FONT></P></TD>
    <TD vAlign=top width="19%">&nbsp;<FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April
      9, 1973<BR></FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Chemical </FONT><FONT style="POSITION: relative; TOP: 0.5pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Engineer</FONT></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Board
      of Directors</FONT></P>
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Alternate member</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">January
      11, 2018</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Until the
      2020 AGM</FONT></P>
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the board of directors</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 0cm 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">January
      11, 2018</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling
      shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 0cm 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">1<SUP>st</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 0cm 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Vicente
      Falconi Campos</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">September 30, 1940</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Board
      of Directors</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April
      28, 2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until
      the 2020 AGM</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">000.232.216-15</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Engineer</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Full
      member</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">April 28,
      2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the board of directors</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling
      shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>rd</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Luis
      Felipe Pedreira Dutra Leite</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">August
      3, 1965</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Board
      of Directors</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April
      28, 2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until
      the 2020 AGM</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">824.236.447-87</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Economist</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Full
      member</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">April 28,
      2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Member
      of the Operations, Finance and Compensation Committee</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling
      shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>rd</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Roberto
      Moses Thompson Motta</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">November 06, 1957</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Board
      of Directors</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April
      28, 2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until
      the 2020 AGM</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">706.988.307-25</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Engineer</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Full
      member</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">April 28,
      2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Member
      of the Operations, Finance and Compensation Committee</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling
      shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>rd</SUP> term of office.</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">224</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Cec&#237;lia Sicupira</FONT></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">

   <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 24, 1981</FONT></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April 28, 2017</FONT></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2020 AGM</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">055.532.167-37</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">

   <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Business administrator </FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Full member</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">April 28, 2017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not applicable, since the only position held in the Company is that of member of the board of directors</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling shareholder</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">1<SUP>st</SUP> term of office.</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Antonio Carlos Augusto Ribeiro Bonchristiano&nbsp;&nbsp;</FONT></P></TD>

   <TD vAlign=top width="19%">&nbsp;<FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April 1, 1967</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April 28, 2017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2020 AGM</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">086.323.078-43</FONT></P></TD>

   <TD vAlign=top width="19%">&nbsp;<FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Bachelor of Politics, Philosophy and<FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Economics</FONT></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Independent member</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April 28, 2017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Yes</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not applicable, since the only position held in the Company is that of member of the board of directors</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Independent member - as defined in the Company&#8217;s Bylaws</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">2<SUP>nd</SUP> term of office</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Marcos de Barros Lisboa&nbsp;&nbsp;&nbsp;</FONT></P></TD>

   <TD vAlign=top width="19%">&nbsp;<FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">August 2, 1964</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April 28, 2017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2020 AGM</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">806.030.257-49&nbsp;</FONT></P></TD>

   <TD vAlign=top width="19%">&nbsp;<FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Economist</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Independent member</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April 28, 2017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Yes</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not applicable, since the only position held in the Company is that of member of the board of directors</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Independent member - as defined in the Company&#8217;s Bylaws</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">2<SUP>nd</SUP> term of office.</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Nelson Jos&#233; Jamel</FONT></P>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">025.217.577-80</FONT></P>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not applicable, since the only position held in the Company is that of member of the board of directors</FONT></P>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling shareholder</FONT></P>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">1<SUP>st</SUP> term of office</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">

   <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">March 17, 1972</FONT></P>

   <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Engineer</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></P>

   <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Full Member </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April 28, 2017</FONT></P>

   <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April 28, 2017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2020 AGM</FONT></P>

   <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Yes</FONT></P>

   <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Jos&#233; Ronaldo Vilela Rezende</FONT></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">

   <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">June 07, 1962</FONT></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Fiscal Council</FONT></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April 27, 2018</FONT></P></TD>

   <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2019 AGM</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">501.889.846-15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">

   <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Accountant</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Fiscal Council (full member) / elected by controlling shareholder</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 7, 2018</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not applicable, since the only position held in the Company is that of member of the fiscal council</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling shareholder</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">&nbsp;3<SUP>rd</SUP> term of office </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">James Terence Coulter Wright</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">

   <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 12, 1951</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Fiscal Council</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April 27, 2018</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2019 AGM</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">872.316.898-68</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">

   <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Civil engineer </FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Fiscal Council (full member) / elected by controlling shareholder</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 7, 2018</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not applicable, since the only position held in the Company is that of member of the fiscal council</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling shareholder</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">6<SUP>th</SUP> term of office. </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 18.55pt">

   <TD style="HEIGHT: 18.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 10pt 0.65pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Aldo Luiz Mendes</FONT></P></TD>

   <TD style="HEIGHT: 18.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 10pt 0.65pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 18.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 10pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Fiscal Council</FONT></P></TD>

   <TD style="HEIGHT: 18.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2pt 0cm 10pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">April 27, 2018</FONT></P></TD>

   <TD style="HEIGHT: 18.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 0cm 0cm 10pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Until the 2019 AGM</FONT></P></TD></TR>

<TR style="HEIGHT: 24.15pt">

   <TD style="HEIGHT: 24.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">

   <P style="MARGIN: 0cm 0cm 10pt 0.65pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">210.530.301-34</FONT></P></TD>

   <TD style="HEIGHT: 24.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">

   <P style="MARGIN: 0cm 0cm 10pt 0.65pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Economist</FONT></FONT></P></TD>

   <TD style="HEIGHT: 24.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 0cm 0cm 10pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Fiscal Council (full member) / elected by minority shareholders</FONT></P></TD>

   <TD style="HEIGHT: 24.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 10pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 7, 2018</FONT></P></TD>

   <TD style="HEIGHT: 24.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 0cm 0cm 10pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">No</FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not applicable, since the only position held in the Company is that of member of the fiscal council</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director - elected by minority shareholders</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.85pt">

   <TD style="HEIGHT: 13.85pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 10pt 0.65pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">1<SUP>st</SUP> term of office</FONT></P></TD>

   <TD style="HEIGHT: 13.85pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%">

   <P style="MARGIN: 2.05pt 0cm 10pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.85pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 10pt 22.3pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13.85pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%">

   <P style="MARGIN: 2.05pt 0cm 10pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">225</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name=page_228></A>
<a name="_bclPageBorder228"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader228"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 3.95pt 0cm 10pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Vinicius
      Balbino Bouhid</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 3.95pt 0cm 10pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">August 6,
      1961</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 3.95pt 0cm 10pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Fiscal
      Council</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April
      27, 2018</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until
      the 2019 AGM</FONT></P></TD></TR>
  <TR style="HEIGHT: 5.75pt">
    <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2.05pt 0cm 10pt 2pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">667.460.867/04</FONT></FONT></P></TD>
    <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Banking employee and civil
      Engineer</FONT></FONT></P></TD>
    <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt 28.85pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Alternate member </FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">/
      elected by minority shareholders</FONT></P></TD>
    <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 7,
      2018</FONT></P></TD>
    <TD style="HEIGHT: 5.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">No</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the fiscal council</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Independent member - elected by minority
      shareholders</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>rd</SUP> term of office</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14.1pt">
    <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Emanuel
      Sotelino Schifferle</FONT></P></TD>
    <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">February 27, 1940</FONT></P></TD>
    <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Fiscal
      Council</FONT></P></TD>
    <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April
      27, 2018</FONT></P></TD>
    <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until
      the 2019 AGM</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">009.251.367-00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Engineer</FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Fiscal
      Council (alternate) / elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 7,
      2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the fiscal council</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling
      shareholder</FONT></P>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">6<SUP>th</SUP> term of office.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Ary
      Waddington</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">September 25, 1932&nbsp;</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Fiscal
      Council</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">April
      27, 2018</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 8.7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until
      the 2019 AGM</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="31%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">004.469.397-49</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="19%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Economist </FONT></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Fiscal
      Council (alternate) / elected by controlling shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 14.15pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 7,
      2018</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">Yes</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of the fiscal council</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Director elected by controlling
      shareholder</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="50%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">6<SUP>th</SUP> term of office. </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="22%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 22.3pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="14%" colSpan=2>
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="58%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Professional experience / Declaration of
      convictions, if applicable</FONT></B></P></TD>
    <TD style="BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="13%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="3%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD width="31%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Bernardo Pinto Paiva - 927.838.997-87</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, has held various positions at Companhia de Bebidas das Americas
(Ambev), a listed company whose core business was making, distributing and
selling beer, soft drinks and other non-alcoholic products, succeeded by the
Company as of January 2, 2014, as described in item 6.3 of this Form, and at
Anheuser-Busch InBev N.V./S.A., a company whose core business is producing and
marketing beverages, and which is part of the Company's economic group. From
2008 to 2009 he held the position of president of Labatt Brewing Company
Limited, and from 2009 to 2012 he was president of Quilmes Industrial Soci&#233;t&#233;
Anonyme, both the Company&#8217;s subsidiaries whose principal activity is making,
distributing and selling beer. From 2012 to 2014 he held the position of Sales
Officer at Anheuser-Busch InBev N.V./S.A. Currently holds the position of
General Manager of the Company. Mr. Bernardo Pinto Paiva declared for all legal
purposes that within the last five years, he has not been subject to the effects
of any criminal conviction, or any conviction or penalty in administrative
proceedings before the CVM or any final conviction in the judicial or
administrative spheres that led to his being suspended or barred from practicing
any professional or commercial activity. </FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Ricardo Rittes de Oliveira Silva &#8211;
256.612.158-35</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, has held various positions with Companhia de Bebidas das Americas
(Ambev), a listed company whose core business was making, distributing and
selling beer, soft drinks and other non-alcoholic products, succeeded by the
Company from January 2, 2014, as described in item 6.3 of this Form, in the
Company, and at Anheuser-Busch InBev N.V./S.A., a company whose core business is
producing and marketing beverages and is part of the Company's economic group,
including the position of Global Vice President for Treasury, Risk Management
and </FONT><a name="page_229"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Financial Markets. From 2012 to 2013, he held the
position of Chief Information Technology and Shared Services Officer of
Companhia de Bebidas das Americas (Ambev). From 2013 to 2015, he held the
position of the Company's Chief Information Technology and Shared Services
Officer. Currently holds the position of the Company's Chief Financial and
Investor Relations Officer. Mr. Ricardo Rittes de Oliveira Silva declared for
all legal purposes that within the last five years, he has not been subject to
the effects of any criminal conviction, or any conviction or penalty in
administrative proceedings before the CVM or any final conviction in the
judicial or administrative spheres that led to his being suspended or barred
from practicing any professional or commercial activity.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">226</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_229></A>
<a name="_bclPageBorder229"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader229"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Pedro de Abreu Mariani &#8211; 929.007.207-53</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Since 2005, he
has held the position of Chief Legal Officer of Companhia de Bebidas das
Am&#233;ricas (Ambev), a listed company whose core business was making, distributing
and selling beer, soft drinks and other non-alcoholic products, succeeded by the
Company from January 2, 2014 as described in item 6.3 of this Form. Currently
the Company's Chief Legal and Corporate Relations Officer. Mr. Pedro de Abreu
Mariani declared for all legal purposes that within the last five years, he has
not been subject to the effects of any criminal conviction, or any conviction or
penalty in administrative proceedings before the CVM or any final conviction in
the judicial or administrative spheres that led to his being suspended or barred
from practicing any professional or commercial activity.</FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Ricardo Morais Pereira de Melo &#8211; </FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">765.157.884-87</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, held several positions in Companhia de Bebidas das Americas (Ambev),
a listed company whose core business was making, distributing and selling beer,
soft drinks and other non-alcoholic products, succeeded by the Company from
January 2, 2014 as described in item 6.3 of this Form, and at Anheuser-Busch
InBev N.V./S.A., a publicly listed company whose core business is producing and
marketing beverages, and which is part of the Company's economic group,
including Sales Officer in Canada and Sales Strategy Officer in the United
States. Since 2015 he has been Resellers Officer in the United States. Mr.
Ricardo Morais Pereira de Melo declared for all legal purposes that within the
last five years, he has not been subject to the effects of any criminal
conviction, or any conviction or penalty in administrative proceedings before
the CVM or any final conviction in the judicial or administrative spheres that
led to his being suspended or barred from practicing any professional or
commercial activity.</FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.1pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Eduardo Braga Cavalcanti de Lacerda &#8211;
072.401.457-86</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, has held various positions with Companhia de Bebidas das Americas
(Ambev), a listed company whose core business was making, distributing and
selling beer, soft drinks and other non-alcoholic products, succeeded by the
Company from January 2, 2014, as described in section 6.3 of this Form, and with
Anheuser-Busch InBev N.V/S.A, ), a listed company whose core business is making
and selling&nbsp; beverages, which makes part of the Company&#8217;s economic group,
including the positions of General Officer of operations of CAC (Central America
and Caribbean) and Finance Vice-President for Europe. He currently holds the
position of the Company's Soft Drinks Officer. Mr. Fernando Dias Soares declared
for all legal purposes that within the last five years, he has not been subject
to the effects of any criminal conviction, or any conviction or penalty in
administrative proceedings before the CVM or any final conviction in the
judicial or administrative spheres that led to his being suspended or barred
from practicing any professional or commercial activity.</FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Maur&#237;cio Nogueira Soufen &#8211; 162.743.818-13</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, has held several positions with Companhia de Bebidas das Americas
(Ambev), a listed company whose core business was making, distributing and
selling beer, soft drinks and other non-alcoholic products, succeeded by the
Company from January 2, 2014, as described in Section 6.3 of this Form, and
positions with the Company, including as Officer for the Engineering Center
between 2014 and 2016 and as Industrial Operations Officer &#8211; Mid-West Regional
between 2012 and 2013. Currently holds the position of the Company's Industrial
Officer and since January 1, 2017 also holds the position of Logistics Officer
for the Company. Mr. Maur&#237;cio Nogueira Soufen declared for all legal purposes
that within the last five years, he has not been subject to the effects of any
criminal conviction, or any conviction or penalty in administrative proceedings
before the CVM or any final conviction in the judicial or administrative spheres
that led to his being suspended or barred from practicing any professional or
commercial activity.</FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt"></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">227</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_230></A>
<a name="_bclPageBorder230"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader230"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Daniel Cocenzo
- 029.453.467-96</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">He joined the
Company in 1999 and in the past five years, held various positions at Companhia
de Bebidas das Americas (Ambev), a listed company whose core business was
making, distributing and selling beer, soft drinks and other non-alcoholic
products, succeeded by the Company from January 2, 2014, as described in section
6.3 of this Form, including the positions of CAC Zone Personnel and Management
Director, Sales Officer in Dominican Republic&nbsp; and Regional Sales Officer
(States of Rio de Janeiro and Esp&#237;rito Santo). He is currently the Company's
Premium and High End Officer. Mr. Daniel Cocenzo declared for all legal purposes
that within the last five years, he has not been subject to the effects of any
criminal conviction, or any conviction or penalty in administrative proceedings
before the CVM or any final conviction in the judicial or administrative spheres
that led to his being suspended or barred from practicing any professional or
commercial activity.</FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Fabio Vieira Kapitanovas - 291.079.138-69 </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, held several positions in Companhia de Bebidas das Americas (Ambev),
a listed company whose core business was making, distributing and selling beer,
soft drinks and other non-alcoholic products, succeeded by the Company from
January 2, 2014, as described in Section 6.3 of this form, and positions with
the Company, including as Regional Industrial Officer South /SPI, Corporate
Officer for Logistics Projects and Shared Services Center Officer. He is
currently the Company's People and Management Officer. Mr. Fabio Vieira
Kapitanovas declared for all legal purposes that within the last five years, he
has not been subject to the effects of any criminal conviction, or any
conviction or penalty in administrative proceedings before the CVM or any final
conviction in the judicial or administrative spheres that led to his being
suspended or barred from practicing any professional or commercial
activity.</FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Paula Nogueira Lindenberg - 267.121.178-36</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, she has held several positions in Companhia de Bebidas das Americas
(Ambev), a listed company whose core business was making, distributing and
selling beer, soft drinks and other non-alcoholic products, succeeded by the
Company from January 2, 2014, as described in item 6.3 of this Form, positions
with the Company and at Anheuser-Busch InBev N.V./S.A., a company whose core
business is producing and marketing beverages, and which is part of the
Company's economic group, including as Marketing Officer for Brahma, Antarctica
and Portf&#243;lio Premium, as well Global Officer for Insights. She is currently the
Company's Marketing Officer. Ms. Paula Nogueira Lindenberg declared for all
legal purposes that within the last five years, she has not been subject to the
effects of any criminal conviction, or any conviction or penalty in
administrative proceedings before the CVM or any final conviction in the
judicial or administrative spheres that led to her being suspended or barred
from practicing any professional or commercial activity.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV style="BORDER-TOP: windowtext 1.5pt solid; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; PADDING-TOP: 1pt; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 0pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" face="times new roman">Fernando Maffessoni</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman"> -
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line; LINE-HEIGHT: 110%" face="times new roman">928.806.140-15</FONT></B></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, has held various positions at Companhia de Bebidas das Am&#233;ricas &#8211;
Ambev, a listed company whose core business was making, distributing and selling
beer, soft drinks and other non-alcoholic products, succeeded by the Company
from January 2, 2014, as described in section 6.3 of this Form, and at the
Company, including positions as Planning and Performance Supply Officer, Shared
Services&nbsp; Center Officer and Logistics Officer. He joined the Company on
1998. Currently, he holds the position of Chief Information Technology and
Shared Services Officer. Mr. Fernando Maffessoni declared for all legal purposes
that within the last five years, he has not been subject to the effects of any
criminal conviction, or any conviction or penalty in administrative proceedings
before the CVM or any final conviction in the judicial or administrative spheres
that led to his being suspended or barred from practicing any professional or
commercial activity.</FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Rodrigo Figueiredo de Souza&#8211;
200.176.968-79</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, held several positions with Companhia de Bebidas das Americas
(Ambev), a listed company whose core business was making, distributing and
selling beer, soft drinks and other non-alcoholic products, succeeded by the
Company from January 2, 2014, as described in item 6.3 of this Form, with the
Company and at Anheuser-Busch InBev N.V./S.A., a company whose core business is
producing and marketing beverages, and which is part of the Company's economic
group, including Regional Officer and Officer for Latin America North Logistics.
</FONT><a name="page_231"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Currently the Company's Supplies Officer. Mr. Rodrigo
Figueiredo de Souza declared for all legal purposes that within the last five
years, he has not been subject to the effects of any criminal conviction, or any
conviction or penalty in administrative proceedings before the CVM or any final
conviction in the judicial or administrative spheres that led to his being
suspended or barred from practicing any professional or commercial
activity.</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Victorio Carlos De Marchi &#8211; 008.600.938-91</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, was a member of the board of directors of Companhia de Bebidas das
Americas (Ambev), a listed company whose core business was making, distributing
and selling beer, soft drinks and other non-alcoholic products, succeeded by the
Company since January 2, 2014, as described in item 6.3 of this Form, and the
Company. In addition, from 2003 to 2009, he was co-chairman of the board of
directors of Quilmes Industrial Soci&#233;t&#233; Anonyme, the Company's subsidiary, whose
core business is making, distributing and selling beer, and which is part of the
Company's economic group. Since 1985, (i) he has been a member of the board of
directors of Funda&#231;&#227;o Zerrenner since 1985, a foundation whose core business is
providing free health care and education, and since 2006, has been executive
director of this foundation; (ii) since 2012, a member of the board of governors
of Funda&#231;&#227;o Getulio Vargas (FGV), an educational institution; (iii) since 2006,
the chairman of the board of Instituto Ambev de Previd&#234;ncia Privada (IAPP), a
private pension entity; (iv) since 2004, a member of the board of a private
institute researching Brazilian industry and development, Instituto de Estudos
para o Desenvolvimento Industrial (IEDI); (v) since 1994, the member
representing Brazil on the Latin American Business Council (CEAL); (vi) since
1992, a member of the economic research board of the State of S&#227;o Paulo
Employers Association (Federa&#231;&#227;o das Ind&#250;strias do Estado de S&#227;o Paulo or FIESP)
and since 2008, a member of the latter's strategic affairs council; (vii) since
2002, a member of the executive committee of the Latin American Brewers
Association (Associa&#231;&#227;o Latino Americana de Fabricantes de Cervejas &#8211; Cerveceros
Latinoamericanos [ALAFACE]), and chairman of the latter's executive board since
2015; (viii) since 2003, a member of the board of the Brazilian Competition
Ethics Institute (Instituto Brasileiro de &#201;tica Concorrencial [ETCO]), and
chairman of the latter's board of directors since 2012; (ix) since 2005, a
member of the board of the Health and Alcohol Information Center (Centro de
Informa&#231;&#245;es sobre sa&#250;de e &#225;lcool (CISA); and (x) since 2014, vice-president of
the Brazilian Beer Industry Association (Associa&#231;&#227;o Brasileira de Ind&#250;stria da
Cerveja [CERVBRASIL]) and the latter's chairman from 2012 to 2014. He is also
currently co-chairman of the Company's board of directors and chairman of the
Company's Operations, Finance and Compensation Committee and its Compliance
Antitrust and Related Parties Committee. Mr. Victorio Carlos De Marchi declared
for all legal purposes that within the last five years, he has not been subject
to the effects of any criminal conviction, or any conviction or penalty in
administrative proceedings before the CVM or any final conviction in the
judicial or administrative spheres that led to his being suspended or barred
from practicing any professional or commercial activity.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Carlos Alves de Brito &#8211; 595.438.507-63</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, was a member of the board of directors of Companhia de Bebidas das
Americas (Ambev), a listed company whose core business was making, distributing
and selling beer, soft drinks and other non-alcoholic products, succeeded by the
Company since January 2, 2014, as described in item 6.3 of this Form, and of the
Company. Additionally, in 2005, he was General Manager for North America of
Companhia de Bebidas das Americas (Ambev). From December 2005, he was also Chief
Executive Officer of Anheuser-Busch InBev N.V./S.A., a listed company whose core
business is producing and marketing beverages, and which is part of the
Company's economic group. Since 2006, he has been co-chairman of the board of
directors of Companhia de Bebidas das Am&#233;ricas &#8211; Ambev. In addition, he
currently holds the following positions: (i) member of the Board of Trustees and
Finance Committee of Greenwich Academy, Inc., an educational entity in the
United States; (ii) member of the Advisory Board of Tsinghua University School
of Economics and Management, an educational entity in China; (iii) chairman of
the CEO group of the International Alliance for Responsible Drinking (IARD), a
nonprofit organization; and (iv) member of the Global Brewers Initiative (GBI),
a worldwide consortium. He is also current co-chairman of the Company's board of
directors. Mr. Carlos Alves de Brito declared for all legal purposes that within
the last five years, he has not been subject to the effects of any criminal
conviction, or any conviction or penalty in administrative proceedings before
the CVM or any final conviction in the judicial or administrative spheres that
led to his being suspended or barred from practicing any professional or
commercial activity.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Milton Seligman &#8211; &#8211; 093.165.740-72</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">He was a
Corporate Relations Officer of Companhia de Bebidas das Americas (Ambev), a
listed company whose core business was making, distributing and selling beer,
soft drinks and other </FONT><a name="page_232"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">non-alcoholic products, succeeded by the Company since
January 2, 2014, as described in item 6.3 of this Form, from 2004 to 2013 and, a
member of the board of directors of Tenedora CND, S.A., from 2013 to 2016, a
holding company of the Company&#8217;s operations in Dominican Republic. Currently (i)
is manager-partner, since 2014, of Milton Seligman e Associados Consultoria e
Participa&#231;&#245;es Ltda., a corporate consultancy company, (ii) chairman of the board
of directors, since 2015, of Instituto Sonho Grande, that is engaged&nbsp; in
the improvement of the Brazilian public teaching, (iii) consulting member, since
2014, Funda&#231;&#227;o&nbsp; Brava, a non-profit organization that develops and supports
impact initiatives to contribute with the development of Brazil, (iv) a
consulting member, since 2014, of Funda&#231;&#227;o Lemann, a family non-profit
organization focused on innovative projects in education; (v) Global Fellow,
since 2015, of Woodrow Wilson International Center for Scholars, an independent
research center focused on public politics and located in Washington, DC/USA,
and (vi) coordinator, since 2017, of the Program of Public Management and
Politics Courses of INSPER, high education and research institution. He is also
currently a member of the Company's board of directors and member of the Board
of Directors of Funda&#231;&#227;o Zerrener, whose main activity is providing free health
care and education. Mr. Milton Seligman declared for all legal purposes that
within the last five years, he has not been subject to the effects of any
criminal conviction, or any conviction or penalty in administrative proceedings
before the CVM or any final conviction in the judicial or administrative spheres
that led to his being suspended or barred from practicing any professional or
commercial activity.</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Jos&#233; Heitor Attilio Gracioso &#8211;
006.716.908-25</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, a member of the board of directors of Companhia de Bebidas das
Americas (Ambev), a listed company whose core business was making, distributing
and selling beer, soft drinks and other non-alcoholic products, succeeded by the
Company since January 2, 2014, as described in item 6.3 of this Form, and of the
Company. Currently a member of the Company's board of directors and its
Compliance Antitrust and Related Parties Committee. Additionally, he is
currently a member of the fiscal council of Escola Superior de Propaganda e
Marketing (ESPM) and of </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman">the board of directors of Funda&#231;&#227;o Zerrenner, whose core
business is providing free health care and education.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Mr. Jos&#233;
Attilio Gracioso declared for all legal purposes that within the last five
years, he has not been subject to the effects of any criminal conviction, or any
conviction or penalty in administrative proceedings before the CVM or any final
conviction in the judicial or administrative spheres that led to his being
suspended or barred from practicing any professional or commercial
activity.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
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810.940.279-87</FONT></B></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, held the following positions with&nbsp; Anheuser-Busch InBev
N.V/S.A, a listed company whose core business is making and selling of beverages
and which makes part of the economic group of the Company: (i) from 2013 to
2016, the position of Chief Operations Officer in APAC (Asia Pacific) zone of
Anheuser-Busch InBev N.V/S.A ; (ii) from 2016 to 2017, global Chief Sales
Officer of Anheuser-Busch InBev N.V/S.A, and (iii) since 2017, he has been Chief
Operations Officer - North America for Anheuser-Busch InBev N.V./S.A.. Also
currently an alternate member of the Company's board of directors. Mr. Michel
Dimitrios Doukeris declared for all legal purposes that within the last five
years, he has not been subject to the effects of any criminal conviction, or any
conviction or penalty in administrative proceedings before the CVM or any final
conviction in the judicial or administrative spheres that led to his being
suspended or barred from practicing any professional or commercial
activity.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Vicente Falconi Campos &#8211; 000.232.216-15</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, a member of the board of directors of Companhia de Bebidas das
Americas (Ambev), a listed company whose core business was making, distributing
and selling beer, soft drinks and other non-alcoholic products, succeeded by the
Company since January 2, 2014, as described in item 6.3 of this Form, and of the
Company. Also a member of the institutional board of the Management Development
Institute (Instituto de Desenvolvimento Gerencial, or INDG), whose core business
is developing and publicizing result-oriented managerial methods and techniques
for private and public organizations; He is also the founder and chairman of the
board of directors of Brazil's largest management consulting company, FALCONI -
Consultores de Resultados. He is a consultant for Brazil's federal government
and various state and municipal governments as well as the largest Brazilian
companies such as Gerdau, Vale, Amil (United Health), Petrobras, B2W, and many
others. He graduated in Engineering from Universidade Federal de Minas Gerais
(UFMG) in 1963 and holds an M.Sc. and Ph. D. in Engineering from the Colorado
School of Mines, USA. He is Professor Emeritus at UFMG. Decorated with the Ordem
do Rio Branco medal for services rendered to the nation. Elected by the American
Society for Quality Control as ones of the &#8220;21 voices of the 21st century&#8221;. He
has held the following positions (i) from 2012 to 2013, member of the board of
Vigor Alimentos S.A.,</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a
Brazilian dairy company; (ii) from 2012 to </FONT><a name="page_233"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">2014, member of the board of directors of Qualicorp S.A.,
a company whose core business is the administration, management and sale of
health plans; and (iii) from 2012 to 2013, member of the board of directors of
Cyrela Brazil Realty S.A. Empreendimentos e Participa&#231;&#245;es, a real-estate
developer and construction firm. Currently (i) chairman of the board of the
Social Institute Encouraging, Supporting and Recognizing Talents (ISMART), a
private non-profit entity that identifies young low-income talents and offers
them scholarships at private schools of excellence, from elementary to
university level; (ii) member of the advisory council of Funda&#231;&#227;o Zerrenner,
whose core business is providing free health care and education; (iii) member of
the board of directors of BRF S.A., a company involved in processing and selling
foods, particularly animal protein products. Currently also a member of the
Company's board of directors. Mr. Vicente Falconi Campos declared for all legal
purposes that within the last five years, he has not been subject to the effects
of any criminal conviction, or any conviction or penalty in administrative
proceedings before the CVM or any final conviction in the judicial or
administrative spheres that led to his being suspended or barred from practicing
any professional or commercial activity.</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Luis Felipe Pedreira Dutra Leite &#8211;
824.236.447-87</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, was a member of the board of directors of Companhia de Bebidas das
Americas (Ambev), a listed company whose core business was making, distributing
and selling beer, soft drinks and other non-alcoholic products, succeeded by the
Company since January 2, 2014, as described in item 6.3 of this Form, and of the
Company. From 2013 to 2015 he was a member of the board of Whitby
School</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">,</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> an
educational entity in the United States. Currently Chief Financial Officer of
Anheuser-Busch InBev N.V./S.A., a listed company whose core business is
producing and marketing beverages, and which is part of the Company's economic
group. Currently also a member of the Company's board of directors and its
Operations, Finance and Compensation Committee. Mr. Luis Felipe Pedreira Dutra
Leite declared for all legal purposes that within the last five years, he has
not been subject to the effects of any criminal conviction, or any conviction or
penalty in administrative proceedings before the CVM or any final conviction in
the judicial or administrative spheres that led to his being suspended or barred
from practicing any professional or commercial activity.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Roberto Moses Thompson Motta &#8211;
706.988.307-25</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, was (i) a member of the board of directors of Companhia de Bebidas
das Am&#233;ricas &#8211; Ambev, a listed company whose core business was making,
distributing and selling beer, soft drinks and other non-alcoholic products,
succeeded by the Company from January 2, 2014, as described in item 6.3 of this
Form, and the Company; (ii) from 2004 to 2014, member of the board of directors
of Anheuser-Busch InBev N.V./S.A., a listed company whose core business is
producing and marketing beverages, and which is part of the Company's economic
group. Currently a member of the boards of directors of the following companies
(i) since 2001, Lojas Americanas S.A., a listed company whose core business is
commerce in general; (ii) since 2001, S&#227;o Carlos Empreendimentos e Participa&#231;&#245;es
S.A., a publicly listed company whose core business is managing real estate
development projects of its own and third parties; (iii) since 2013, of
Restaurant Brands International (formerly known as Burger King Worldwide Inc.),
a food industry company; and (iv) since 2005, of 3G Capital, a private equity
vehicle founded by Mr. Jorge Paulo Lemann, Mr. Marcel Herrmann Telles, and Mr.
Carlos Alberto Sicupira, all indirectly controlling shareholders of the Company.
Currently also a member of the board of directors and the Company's Operations,
Finance and Compensation Committee. Mr. Roberto Moses Thompson Motta declared
for all legal purposes that within the last five years, he has not been subject
to the effects of any criminal conviction, or any conviction or penalty in
administrative proceedings before the CVM or any final conviction in the
judicial or administrative spheres that led to his being suspended or barred
from practicing any professional or commercial activity.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV style="BORDER-TOP: windowtext 1.5pt solid; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; PADDING-TOP: 1pt; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Cec&#237;lia Sicupira &#8211; 055.532.167-37</FONT></B></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years until now, she has been holding the following positions, in the
following companies: (i) since 2007, alternate member of the board of directors
of S&#227;o Carlos Empreendimentos e Participa&#231;&#245;es S.A., a publicly listed company
whose core business is managing real estate development projects of its own and
third parties; (ii) since 2012, member of the board of directors of S-BR Global
Investments Ltd., whose core business is providing financial consulting; (iii)
since 2012, member of the board of directors and of the board of officers of
S-</FONT> <a name="page_234"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Velame Administra&#231;&#227;o de Recursos e Participa&#231;&#245;es S.A., a
holding company which holds an ownership interests in Anheuser-Busch InBev
N.V/S.A.; (iv) since 2013, member of the board of directors and of the
compensation committee of Lojas Americanas S.A., a listed company whose core
business is commerce in general; and (v) since July 2016, member of the board of
directors of Restaurants Brands International Inc., whose core business is the
operation of quick service restaurants and other type of restaurants. Currently,
she is also a full member of the Company&#8217;s Board of Directors. Mrs. Cec&#237;lia
Sicupira declared for all legal purposes that within the last five years, she
has not been subject to the effects of any criminal conviction, or any
conviction or penalty in administrative proceedings before the CVM or any final
conviction in the judicial or administrative spheres that led to his being
suspended or barred from practicing any professional or commercial
activity.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">231</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.1pt"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Antonio Carlos
Augusto Ribeiro Bonchristiano &#8211; 086.323.078-43</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the last 5
years, he has held positions in the following companies for the periods shown:
(i) from 2008 to 2014, member of the board of directors of San Antonio
Internacional, Ltd., whose core business is providing drilling and engineering
services for the oil and gas industry; (ii) from 2014 to 2015, member of the
board of directors of BRZ Investimentos S.A., whose core business is managing
investment funds; (iii) from 2007 to 2013, member of the board of directors of
Est&#225;cio Participa&#231;&#245;es S.A., whose core business is holding equity in higher
education institutions; (iv) from 2007 to 2013, member of the board of directors
of Allis Participa&#231;&#245;es S.A., a holding company for ownership interests in
several companies in different segments such as field marketing, recruitment and
relocation of professionals and outsourcing agricultural labor; (v) from 2009 to
2013, member of the board of directors of BHG S.A. - Brazil Hospitality Group,
whose core business is owning and managing hotels; and (vi) from 2006 to 2013,
member of the board of directors of BR Malls Participa&#231;&#245;es S.A. a company that
owns and runs shopping centers. Currently holds the following positions: (i)
General Manager and member of the board of directors of GP Investments, Ltd.,
whose core business is holding ownership interest in the capital of other
companies through private equity transactions; (ii) member of the board of
directors of Apen Ltd. /GP Advisors Zurich, which is part of the GP Investments,
Ltd group. Stated in the previous item; (iii) member of the board of Study
Foundation (Funda&#231;&#227;o Estudar), a non-profit organization whose aim is to empower
young talents to undertake ambitious projects and transform Brazil; and (iv)
serves on the boards of several non-profit organizations including the S&#227;o Paulo
Biennial Foundation, Museum of Art of Sao Paulo, the Bodleian Library in Oxford,
UK, and the John Carter Brown Library in Providence, Rhode Island, USA.
Currently he is also a member of the board of directors of the Company. Mr.
Antonio Carlos Augusto Ribeiro Bonchristiano declared for all legal purposes
that within the last five years, he has not been subject to the effects of any
criminal conviction, or any conviction or penalty in administrative proceedings
before the CVM or any final conviction in the judicial or administrative spheres
that led to his being suspended or barred from practicing any professional or
commercial activity.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV style="BORDER-TOP: windowtext 1.5pt solid; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; PADDING-TOP: 1pt; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Marcos de Barros Lisboa &#8211;
806.030.257-49</FONT></B></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, has been Executive Officer of Unibanco S.A. and as Vice-President
for Insurance, Controls and Operational Support of Ita&#250; Unibanco S.A. both
companies whose business is predominantly the financial sector. Until 2013, he
was a member of the board of directors of Ita&#250; Unibanco S.A. In addition, from
2003 to 2005, he was Economic Policy Secretary at the Ministry of Finance. Since
the late 1980s, he has been a member of faculty of several educational
institutions in Brazil and internationally. He holds a Ph.D. in Economics from
the University of Pennsylvania. Currently he is (i) CEO of higher education and
research institution INSPER (ii) member of the board of directors of Natura
Cosm&#233;ticos S.A., a company in the cosmetics, fragrances and personal care
sector; and (iii) member of the board of directors of Mercedes-Benz do Brasil
Ltda., the automotive vehicle manufacturer. Currently he is also a member of the
board of directors of the Company. Mr. Marcos de Barros Lisboa declared for all
legal purposes that within the last five years, he has not been subject to the
effects of any criminal conviction, or any conviction or penalty in
administrative proceedings before the CVM or any final conviction in the
judicial or administrative spheres that led to his being suspended or barred
from practicing any professional or commercial activity.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">232</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV style="BORDER-TOP: windowtext 1.5pt solid; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; PADDING-TOP: 1pt; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Nelson Jos&#233; Jamel &#8211; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">025.217.577-</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">80</FONT></B></P>
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In
the past five years, he has held different positions in Anheuser-Busch InBev
N.V/S.A., a listed company whose core business is producing and marketing
beverages, and which is part of the Company's economic group, in Companhia de
Bebidas das Am&#233;ricas &#8211; Ambev, a listed company whose core business was making,
distributing and selling beer, soft drinks and other non-alcoholic products,
succeeded by the Company from January 2, 2014, as described in item 6.3 of this
Form, and in the Company. From 2007 to 2008, he held the position of Vice
President of Finance for Western Europe of Anheuser-Busch InBev N.V/S.A. He was
also Chief Financial Officer of Compa&#241;ia Cervecera AmBev Dominicana, C. por A.,
a company which is part of the Company`s economic group. Since 2009, he has held
the position of Chief Financial and Investor Relations Officer of Companhia de
Bebidas das Am&#233;ricas &#8211; Ambev, remaining in such position until 2015. Currently
he is Chief Financial Officer of the North America Zone of Anheuser-Busch InBev
N.V/S.A. He was elected on April 28, 2017 as a deputy member of the Company&#8217;s
Board of Directors and is, since May 15, 2018, a full member of the Company&#8217;s
Board of Directors. Mr. Nelson Jos&#233; Jamel declared for all legal purposes that
within the last five years, he has not been subject to the effects of any
criminal conviction, or any conviction or penalty in administrative proceedings
before the CVM or any final conviction in the judicial or administrative spheres
that led to his being suspended or barred from practicing any professional or
commercial activity.</FONT></P></DIV>
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<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Jos&#233; Ronaldo Vilela Rezende &#8211;
501.889.846-15</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, held positions with the following companies/institutions for the
periods shown: (i) from 2005 to 2011, risk management partner with the
consulting practice at </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">PricewaterhouseCoopers</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Brasil whose core business is providing process and system audit services; (ii)
Agribusiness industry leader with </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">PricewaterhouseCoopers</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> in
Brazil (from 2006 to 2014) and for the Americas (from 2009 to 2014); and (iii)
PricewaterhouseCoopers Brasil partner in charge of delivering of Risk Assurance
Services (RAS) for processes and systems from 1998. Tax Advisor certified by the
Brazilian Governance Institute (IBGC). Bachelor's degree in Accounting from UNA,
Belo Horizonte. Graduate in finances at Funda&#231;&#227;o Dom Cabral. Master's in
Agro-Energy from Funda&#231;&#227;o Getulio Vargas in S&#227;o Paulo. Nominated for the
position of full member of the Company's board of directors. Mr. Jos&#233; Ronaldo
Vilela Rezende declared for all legal purposes that within the last five years,
he has not been subject to the effects of any criminal conviction, or any
conviction or penalty in administrative proceedings before the CVM or any final
conviction in the judicial or administrative spheres that led to his being
suspended or barred from practicing any professional or commercial
activity.</FONT></P>
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<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">James Terence Coulter Wright -
872.316.898-68</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, held positions in the following companies/institutions for the
periods shown: (i) from 2006 to 2008, member of the fiscal council of and from
2008 member of the Advisory Council of Funda&#231;&#227;o Zerrenner whose core business is
providing free health care and education; and (ii) from 2012 to 2014, member of
the board of directors of Companhia de Bebidas das Am&#233;ricas &#8211; Ambev, succeeded
by the Company from January 2, 2014, as described in item 6.3 of this Form.
Since 2015 he has been General Manager of the Business Administration Institute
(Funda&#231;&#227;o Instituto de Administra&#231;&#227;o e Neg&#243;cios, or FIA), whose core business is
developing research, consulting and educational projects in all fields of
management, having also been director of FIA from 2010 to 2012. From 2011 to
2013, he was full professor of the Management Department at the Economics,
Management and Accounting School, USP. He holds a Master's in Engineering
Management from Vanderbilt University, USA. Currently member of the Company's
Fiscal Council. Mr. James Terence Coulter Wright declared for all legal purposes
that within the last five years, he has not been subject to the effects of any
criminal conviction, or any conviction or penalty in administrative proceedings
before the CVM or any final conviction in the judicial or administrative spheres
that led to his being suspended or barred from practicing any professional or
commercial activity.</FONT></P>
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<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Aldo Luiz Mendes - 210.530.301-34</FONT></B></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In
the past five years, he has held positions in following companies/institutions
for the periods shown (i) from January 2017 to December 2017, Executive Officer
of Banco Original, financial institution engaged in the financing of big
companies, agribusiness and retail; and (ii) from 2009 to 2016, Monetary Policy
Officer of Central Bank of Brazil, a federal autonomous public entity with its
functions set forth in Law No. 4595/64. Undergraduate in economic sciences at
Universidade de Bras&#237;lia. Master&#8217;s degree in Economics at Universidade de
Bras&#237;lia and PhD in Economics from Universidade de S&#227;o Paulo. Specialized in:
(i) Public Budget, at IPEA; and (ii) Training of Administrators &#8211; BB
International Area, at FGV-SP.&nbsp; Currently a full member of the </FONT><a name="page_236"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Company's Fiscal Council and since April 2018 is an
independent member of the Board of Directors of Cielo S.A., listed company
engaged in the segment of payment means. Mr. Aldo Luiz Mendes declared for all
legal purposes that within the last five years, he has not been subject to the
effects of any criminal conviction, or any conviction or penalty in
administrative proceedings before the CVM or any final conviction in the
judicial or administrative spheres that led to his being suspended or barred
from practicing any professional or commercial activity.</FONT></P></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">233</FONT></P></DIV>
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<a name="_bclHeader236"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Vinicius Balbino Bouhid - 667.460.867/04 </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years held positions in the following companies for the periods shown (i)
from 2013 to 2015, Statutory General Manager of BB Securities Ltd., a
London-based securities underwriting firm, where he introduced a new governance
framework including a compliance team and new processes; (ii) from 2009 to 2013,
Executive Manager for corporate governance and private equity with BB Banco de
Investimento S.A.; (iii) from 2013 to 2015, member of the board of directors of
Banco do Brasil Securities in London; and (iv) from 2011 to 2013, member of the
board of directors of Coelba &#8211; Companhia de Eletricidade do Estado da Bahia, in
the electric sector. </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Civil
Engineering degree from Universidade de Bras&#237;lia and Executive MBA from
Universidade de Mato Grosso. </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Currently is
an alternate member of the Company's Fiscal Council and since 2017, a full
member of the fiscal council of Norte Energia S.A. (Belo Monte hydroelectric
plant). Mr. Vinicius Balbino Bouhid declared for all legal purposes that within
the last five years, he has not been subject to the effects of any criminal
conviction, or any conviction or penalty in administrative proceedings before
the CVM or any final conviction in the judicial or administrative spheres that
led to his being suspended or barred from practicing any professional or
commercial activity.</FONT></P>
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<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Emanuel Sotelino Schifferle -
009.251.367-00</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, for the periods shown, held positions in the following companies:
(i) from 1992, managing partner of ASPA Assessoria e Participa&#231;&#245;es S/C Ltda., a
company whose core business is advising companies on restructuring programs,
acquisitions, contractual negotiations and transitional management, having
managed bankrupt companies, in reorganization, restructuring and contractual
renegotiations, among other business; (ii) from 2004 to 2009, member of the
board of directors of ALL &#8211; Am&#233;rica Latina Log&#237;stica, a listed company whose
core business is rail freight and road transportation services; (iii) from 2005
to 2014, alternate member of the board of directors of Companhia de Bebidas das
Am&#233;ricas &#8211; Ambev, succeeded by the Company since January 2, 2014, as described
in item 6.3 of this Form; (iv) from 2007 to 2011, member of the board of
directors of S&#227;o Carlos Empreendimentos e Participa&#231;&#245;es S.A., a listed company
whose core business is the managing real estate development projects for itself
and third parties; (v) from 2008, member of the board of directors of Est&#225;cio
Participa&#231;&#245;es S.A., a listed company whose main activities are developing and
managing educational institutions; and (vi) from 2011 to 2015, member of the
board of directors of Allis Participa&#231;&#245;es S.A., a publicly listed company whose
main activities are providing marketing and sales services for various market
segments. Currently an alternate member of the Company's Fiscal Council. Mr.
Emanuel Sotelino Schifferle declared for all legal purposes that within the last
five years, he has not been subject to the effects of any criminal conviction,
or any conviction or penalty in administrative proceedings before the CVM or any
final conviction in the judicial or administrative spheres that led to his being
suspended or barred from practicing any professional or commercial
activity.</FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Ary
Waddington - 004.469.397-49</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;In the
past five years, held the position of (i) member of the fiscal council of
Companhia de Bebidas das Americas (Ambev), succeeded by the Company from January
2, 2014, as described in item 6.3 of this Form, 2005-2014; (ii) from 2008 to
2012, chairman of the Fiscal Council of Uni&#227;o Qu&#237;mica Farmac&#234;utica Nacional
S.A., whose principal activities are producing and developing pharmaceutical
products; (iii) member of the fiscal council of Rio Paranapanema Energia S.A., a
publicly listed company whose main activities are generating and selling
electricity, of which he was a member from 2012 to 2015 and has been an
alternate member since 2015; and (iv) since 2008, chairman of the Fiscal Council
of Richard Saigh Ind&#250;stria e Com&#233;rcio S.A., a company whose main activities are
milling wheat and producing and selling wheat flour. Also currently a partner
with MAW Consultoria e Planejamento Ltda., which acts in the business consulting
sector, and RAW Consultoria Econ&#244;mica Ltda., which acts in the business
consulting sector. Currently an alternate member of the Company's fiscal
council. Mr. Ary Waddington declared for all legal purposes that within the last
five years, he has not been subject to the effects of any criminal conviction,
or any conviction or penalty in administrative proceedings before the CVM or any
final conviction in the judicial or administrative spheres that led to his being
suspended or barred from practicing any professional or commercial
activity.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">234</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 35.5pt">
    <TD style="HEIGHT: 35.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="100%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 311.9pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" color=black face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12.6- For each person who was a board
      of directors or fiscal council member in the latest reporting period,
      state their percentage attendance at meetings held in this period after
      the board or council members took office, in </FONT></B></FONT><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">tabular</FONT></B><FONT style="POSITION: relative; TOP: 0.5pt" color=black face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">
  format</FONT></B></FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 1.7pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total number of meetings held by the board after
      taking office*</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 8.75pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Percentage attendance at meetings held by the board
      in the same period that were called after taking
      office</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Victorio Carlos de Marchi</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Carlos Alves de Brito</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">65%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Milton Seligman**</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">83%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Jos&#233; Heitor Attilio Gracioso</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">76%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vicente Falconi Campos</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">94%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Luis Felipe Pedreira Dutra
    Leite</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">76%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Roberto Moses Thompson Motta</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">82%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cec&#237;lia Sicupira</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">76%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Antonio Carlos Augusto Ribeiro
      Bonchristiano</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Marcos de Barros Lisboa</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Nelson Jos&#233; Jamel***</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6%</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Michel Dimitrios Doukeris
    (alternate)**</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="38%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0%</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">*Meetings held from April 28, 2017 to May 15,
2018</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">** All members took office on April 28, 2017, except Mr.
Milton Seligman and Mr. Michel Dimitrios Doukeris (both took office on January
11, 2018)</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">*** Nelson Jos&#233; Jamel became a full member on May 15,
2018 (previously an alternate).</FONT></I></P>
<P style="MARGIN: 0cm 50.25pt 0pt 14.2pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>&nbsp;</DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">235</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_238></A>
<a name="_bclPageBorder238"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader238"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 50.25pt 0pt 14.2pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="37%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total number of meetings held by the council after
      taking office*</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt 0cm" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Percentage attendance at meetings held by the
      council in the same period that were called after taking
      office</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="37%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Jos&#233; Ronaldo Vilela Rezende</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="37%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">James Terence Coulter Wright</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">91%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="37%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Aldo Luiz Mendes</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="37%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vinicius Balbino Bouhid</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="37%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Emanuel Sotelino Schifferle</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="37%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ary Waddington</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 0pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 50.25pt 0pt 14.2pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">*Meetings held from May 3, 2017 (date on which all
members took office in the year 2017, except Aldo Luiz Mendes, </FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 50.25pt 0pt 14.2pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">who took office on May 7, 2018) to May 7, 2018.
</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">236</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_239></A>
<a name="_bclPageBorder239"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader239"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 18pt 0cm 18pt 7.35pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">12.7 - Composition of statutory committees and audit,
financial and compensation committees</FONT></B></FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 14.3pt">
    <TD style="HEIGHT: 14.3pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2.6pt 0cm 0pt 2pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Name</FONT></B></P></TD>
    <TD style="HEIGHT: 14.3pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2.6pt 0cm 0pt 1.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Date of
      birth</FONT></B></P></TD>
    <TD style="HEIGHT: 14.3pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.6pt 0cm 0pt 1.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Management body</FONT></B></P></TD>
    <TD style="HEIGHT: 14.3pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="MARGIN: 2.6pt 0cm 0pt 7.85pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Date
      elected</FONT></B></P></TD>
    <TD style="HEIGHT: 14.3pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 2.6pt 0cm 0pt 7.85pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Term of
      office</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.3pt">
    <TD style="HEIGHT: 14.3pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2.6pt 0cm 0pt 2pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Taxpayer No. (CPF)</FONT></B></P></TD>
    <TD style="HEIGHT: 14.3pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2.6pt 0cm 0pt 1.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Profession</FONT></B></P></TD>
    <TD style="HEIGHT: 14.3pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.6pt 0cm 0pt 1.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Elected
      position held </FONT></B></P></TD>
    <TD style="HEIGHT: 14.3pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="MARGIN: 2.6pt 0cm 0pt 7.85pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Date
      took office </FONT></B></P></TD>
    <TD style="HEIGHT: 14.3pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 2.6pt 0cm 0pt 1.5pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14.15pt">
    <TD style="HEIGHT: 14.15pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="99%" colSpan=5>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Other
      issuer positions or duties</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 30.55pt">
    <TD style="HEIGHT: 30.55pt; BORDER-RIGHT: white 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="99%" colSpan=5>
      <P style="BACKGROUND: #d9d9d9; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Whether
      the member nominated is an independent member and if so, the criterion
      used by the issuer to determine independence</FONT></B></P>
      <P style="BACKGROUND: #d9d9d9; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Number
      of consecutive terms of office.</FONT></B></P>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 33.45pt">
    <TD style="HEIGHT: 33.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Victorio Carlos De Marchi</FONT></P></TD>
    <TD style="HEIGHT: 33.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">November 13, 1938</FONT></P></TD>
    <TD style="HEIGHT: 33.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Other -
      Operations, Finance and Compensation Committee</FONT></P></TD>
    <TD style="HEIGHT: 33.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 33.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2020 AGM</FONT></P></TD></TR>
  <TR style="HEIGHT: 20.15pt">
    <TD style="HEIGHT: 20.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">008.600.938-91</FONT></P></TD>
    <TD style="HEIGHT: 20.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Attorney</FONT></FONT></P></TD>
    <TD style="HEIGHT: 20.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Chair</FONT></P></TD>
    <TD style="HEIGHT: 20.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 20.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14.75pt">
    <TD style="HEIGHT: 14.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">&nbsp;Co-chairman of the Board of Directors and
      chairman of the Compliance Antitrust and Related Parties
      Committee</FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">
      </FONT></I></P></TD>
    <TD style="HEIGHT: 14.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 17.35pt">
    <TD style="HEIGHT: 17.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">&nbsp;Non-independent member</FONT></P></TD>
    <TD style="HEIGHT: 17.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 17.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 17.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15.15pt">
    <TD style="HEIGHT: 15.15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>rd</SUP> term of office.</FONT></P></TD>
    <TD style="HEIGHT: 15.15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 25.2pt">
    <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Roberto
      Moses Thompson Motta</FONT></P></TD>
    <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">November 6, 1957</FONT></P></TD>
    <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Other -
      Operations, Finance and Compensation Committee</FONT></P></TD>
    <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2020 AGM</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.75pt">
    <TD style="HEIGHT: 14.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">706.988.307-25</FONT></P></TD>
    <TD style="HEIGHT: 14.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Engineer</FONT></FONT></P></TD>
    <TD style="HEIGHT: 14.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Full
      member of the committee</FONT></P></TD>
    <TD style="HEIGHT: 14.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 14.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11.15pt">
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Member
      of the Board of Directors</FONT></P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 18.45pt">
    <TD style="HEIGHT: 18.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Non-independent member</FONT></P></TD>
    <TD style="HEIGHT: 18.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 18.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 18.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 22.75pt">
    <TD style="HEIGHT: 22.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>rd</SUP> term of office.</FONT></P></TD>
    <TD style="HEIGHT: 22.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 22.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 22.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 31pt">
    <TD style="HEIGHT: 31pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Luis
      Felipe Pedreira Dutra Leite</FONT></P></TD>
    <TD style="HEIGHT: 31pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">August
      3, 1965</FONT></P></TD>
    <TD style="HEIGHT: 31pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Other -
      Operations, Finance and Compensation Committee</FONT></P></TD>
    <TD style="HEIGHT: 31pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 31pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2020 AGM</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.15pt">
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">824.236.447-87</FONT></P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Economist </FONT></FONT></P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Full
      member of the committee</FONT></P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11.15pt">
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Member
      of the Board of Directors</FONT></P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 16.55pt">
    <TD style="HEIGHT: 16.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Non-independent member</FONT></P></TD>
    <TD style="HEIGHT: 16.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 16.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 16.55pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 18.9pt">
    <TD style="HEIGHT: 18.9pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>st</SUP> term of office.</FONT></P></TD>
    <TD style="HEIGHT: 18.9pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 18.9pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 18.9pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 23.85pt">
    <TD style="HEIGHT: 23.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Victorio Carlos De Marchi</FONT></P></TD>
    <TD style="HEIGHT: 23.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">November 13, 1938</FONT></P></TD>
    <TD style="HEIGHT: 23.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Others
      &#8211; Compliance Antitrust and Related Parties Committee </FONT></P></TD>
    <TD style="HEIGHT: 23.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 23.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2020 AGM</FONT></P></TD></TR>
  <TR style="HEIGHT: 19pt">
    <TD style="HEIGHT: 19pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">008.600.938-91</FONT></P></TD>
    <TD style="HEIGHT: 19pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Attorney</FONT></FONT></P></TD>
    <TD style="HEIGHT: 19pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Chairman</FONT></P></TD>
    <TD style="HEIGHT: 19pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 19pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 21.75pt">
    <TD style="HEIGHT: 21.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Co-chairman of the Board of Directors and chairman
      of Operations, Finance and Compensation Committee</FONT></P></TD>
    <TD style="HEIGHT: 21.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 21.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 21.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 17.85pt">
    <TD style="HEIGHT: 17.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Non-independent member</FONT></P></TD>
    <TD style="HEIGHT: 17.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 17.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 17.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 17.35pt">
    <TD style="HEIGHT: 17.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>rd</SUP> term of office.</FONT></P></TD>
    <TD style="HEIGHT: 17.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 17.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 17.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD width="30%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">237</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_240></A>
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<a name="_bclHeader240"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 28.45pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 28.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Jos&#233;
      Heitor Attilio Gracioso</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 28.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">November 20, 1931</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 28.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Others
      &#8211; Compliance Antitrust and Related Parties Committee </FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 28.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 28.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2020 AGM</FONT></P></TD></TR>
  <TR style="HEIGHT: 16.45pt">
    <TD style="HEIGHT: 16.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2.05pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">006.716.908-25</FONT></P></TD>
    <TD style="HEIGHT: 16.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Attorney</FONT></FONT></P></TD>
    <TD style="HEIGHT: 16.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Full
      member of the committee</FONT></P></TD>
    <TD style="HEIGHT: 16.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 16.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11.15pt">
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Member
      of the Board of Directors</FONT></P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11.15pt">
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Non-independent member</FONT></P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 17.05pt">
    <TD style="HEIGHT: 17.05pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>rd</SUP> term of office.</FONT></P></TD>
    <TD style="HEIGHT: 17.05pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 17.05pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 17.05pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 27.2pt">
    <TD style="HEIGHT: 27.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Bol&#237;var
      Moura Rocha</FONT></P></TD>
    <TD style="HEIGHT: 27.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2pt 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">March
      10, 1964</FONT></P></TD>
    <TD style="HEIGHT: 27.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Others
      &#8211; Compliance Antitrust and Related Parties Committee </FONT></P></TD>
    <TD style="HEIGHT: 27.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 27.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2020 AGM</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">052.370.578-61</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">
      <P style="MARGIN: 2.05pt 0cm 0pt 3.75pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Attorney</FONT></FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Full
      member of the committee</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 26.85pt">
    <TD style="HEIGHT: 26.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of its Compliance Antitrust and Related Parties Committee</FONT></P></TD>
    <TD style="HEIGHT: 26.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 26.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 26.85pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15.45pt">
    <TD style="HEIGHT: 15.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Independent member</FONT></P></TD>
    <TD style="HEIGHT: 15.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15.45pt">
    <TD style="HEIGHT: 15.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">3<SUP>rd</SUP> term of office.</FONT></P></TD>
    <TD style="HEIGHT: 15.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 26.05pt">
    <TD style="HEIGHT: 26.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Everardo de Almeida
Maciel&nbsp;&nbsp;</FONT></P></TD>
    <TD vAlign=top width="26%">&nbsp;<FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">February 13, 1947</FONT></TD>
    <TD style="HEIGHT: 26.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Others
      &#8211; Compliance Antitrust and Related Parties Committee</FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"> </FONT></I></P></TD>
    <TD style="HEIGHT: 26.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 26.05pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Until the 2020 AGM</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.45pt">
    <TD style="HEIGHT: 15.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="30%">
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">018.711.614-87&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD>
    <TD vAlign=top width="26%">&nbsp;<FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Tax
      consultant</FONT></TD>
    <TD style="HEIGHT: 15.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Full
      member of the committee</FONT></P></TD>
    <TD style="HEIGHT: 15.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman">May 15, 2018</FONT></P></TD>
    <TD style="HEIGHT: 15.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 2.05pt 0cm 0pt 8.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 26.15pt">
    <TD style="HEIGHT: 26.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Not
      applicable, since the only position held in the Company is that of member
      of its Compliance Antitrust and Related Parties Committee</FONT></P></TD>
    <TD style="HEIGHT: 26.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 26.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 26.15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15.45pt">
    <TD style="HEIGHT: 15.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">Independent member</FONT></P></TD>
    <TD style="HEIGHT: 15.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15.45pt">
    <TD style="HEIGHT: 15.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="56%" colSpan=2>
      <P style="MARGIN: 2pt 0cm 0pt 2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman">2<SUP>nd</SUP> term of office</FONT></P></TD>
    <TD style="HEIGHT: 15.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="21%">
      <P style="MARGIN: 2.05pt 0cm 0pt 28.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="7%">
      <P style="TEXT-ALIGN: right; MARGIN: 2.05pt 0cm 0pt 22.3pt" align=right><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15.45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 2.05pt 0cm 0pt 8.7pt"><FONT style="BACKGROUND: yellow; POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 9pt" face="times new roman"></FONT></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">238</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_241></A>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 18.4pt">
    <TD style="HEIGHT: 18.4pt; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="36%">
      <P style="MARGIN: 2.5pt 0cm 0pt 2pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Professional experience / Declaration of any
      convictions </FONT></B></P></TD>
    <TD style="HEIGHT: 18.4pt; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 18.4pt; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 18.4pt; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="13%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 18.4pt; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="3%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Victorio Carlos De Marchi &#8211; 008.600.938-91</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">See summary of
professional experience and declaration in item 12.6 hereof </FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Roberto Moses Thompson Motta &#8211;
706.988.307-25</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">See summary of
professional experience and declaration in item 12.6 hereof </FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Luis Felipe Pedreira Dutra Leite &#8211;
824.236.447-87</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">See summary of
professional experience and declaration in item 12.6 hereof </FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Jos&#233; Heitor Attilio Gracioso &#8211;
006.716.908-25</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">See summary of
professional experience and declaration in item 12.6 hereof </FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Bol&#237;var Moura Rocha &#8211; 052.370.578-61</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, partner responsible for dispute settlement, infrastructure and
competition section with law firm Levy &amp; Salom&#227;o Advogados. Bachelor's
degree in Law from Universidade de S&#227;o Paulo and PhD in Political Science and
International Law from Universit&#233; de Gen&#232;ve. Currently member of the Company's
Compliance Antitrust and Related Parties Committee. Mr. Bol&#237;var Moura Rocha
declared for all legal purposes that within the last five years, he has not been
subject to the effects of any criminal conviction, or any conviction or penalty
in administrative proceedings before the CVM or any final conviction in the
judicial or administrative spheres that led to his being suspended or barred
from practicing any professional or commercial activity.</FONT></P>
<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1.5pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN-LEFT: 7.35pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm; MARGIN-RIGHT: 16.2pt">
<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; TEXT-ALIGN: justify; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Everardo de Almeida Maciel &#8211;
018.711.614-87</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 16.2pt 0pt 7.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In the past
five years, acted as tax consultant, and, since 2003 managing partner of the tax
consulting firm Logos Consultoria Fiscal Ltda. Currently (i) a member of the
senior economics board of the State of S&#227;o Paulo Employers Association (FIESP);
(ii) member of the senior legal board of FECOMERCIO-SP; (iii) member of two
research councils, Finance and Taxation, and Political and Social affairs, both
of the Commercial Association of Sao Paulo; (iv) member of the Board of
Directors of Funda&#231;&#227;o Zerrener, whose main activity is providing free health
care and education; (v) member of the fiscal council of Instituto Fernando
Henrique Cardoso; (vi) member of the scientific council of publisher S&#233;rie
Editorial IDP/Saraiva; (vii) member of the Innovare Award jury, (viii) member of
the International Academy of Law and Economics and the Jurists for
Debureaucratization Committee set up by the Federal Senate; (ix) chairman of the
advisory council of the Ethical Competition Institute (ETCO). Also teaches
postgraduate courses at law school Instituto Brasiliense de Direito P&#250;blico
(IDP) in Bras&#237;lia. He has held several public positions, most recently: Federal
Tax Authority Secretary (1995-2002), Federal District Finance and Planning
Secretary (1991-1994), Executive Secretary of the ministries of Finance (2002),
Interior (regional development) (1987) and Education (1985), also minister of
the Civil Office of the Presidency (1986). Mr. Everardo de Almeida Maciel
declared for all legal purposes that within the last five years, he has not been
subject to the effects of any criminal conviction, or any conviction or penalty
in administrative proceedings before the CVM or any final conviction in the
judicial or administrative spheres that led to his being suspended or barred
from practicing any professional or commercial activity. </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">239</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader242"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.8- For each person who has been a member of a
statutory committee or the audit, risk, financial and compensation committees,
even if such committees or structures are not statutory, state their percentage
attendance at meetings held by the respective body in the same period, after
taking office, to be shown in tabular form</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 73.95pt 0pt 63.8pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.35pt 10pt 0cm" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Operations, Finance and Compensation
      Committee</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="28%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.35pt 10pt 0cm" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total meetings held as of the member's taking
      office*</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.35pt 10pt 0cm" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Percentage attendance at meetings held in the same
      period held after taking office</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.35pt 10pt 0cm" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Victorio Carlos De Marchi</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.35pt 10pt 0cm" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.35pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.35pt 10pt 0cm" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Roberto Moses Thompson Motta</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.35pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.35pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.35pt 10pt 0cm" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Luis Felipe Pedreira Dutra
    Leite</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.35pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.35pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">50%</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 73.95pt 0pt 63.8pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">*Meetings held from May 11, 2016 (date on which all
members took office) to April 30, 2018.</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 73.95pt 0pt 63.8pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;Compliance Antitrust and Related Parties
      Committee </FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="28%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total meetings held as of the member's taking
      office*</FONT></B></FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Percentage attendance at meetings held in the same
      period after taking office</FONT></B></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Victorio Carlos De Marchi</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100%</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Jos&#233; Heitor Attilio Gracioso</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100%</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bol&#237;var Moura Rocha</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100%</FONT></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Everardo de Almeida Maciel</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="28%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 1.65pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">100%</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 73.95pt 0pt 63.8pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Meetings held from May 11, 2016 (date on which all
members took office) to May 11, 2018. </FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 73.95pt 0pt 63.8pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 73.95pt 0pt 63.8pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">240</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_243></A>
<a name="_bclPageBorder243"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">12.9- Existence of
relations of marriage or kinship to the 2nd degree related to managers of the
issuer and its subsidiaries or controlling companies</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 74pt 0pt 63.8pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">managers of the Company</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable since there are no relations of marriage, stable union or kinship to
the second degree between the Company's managers</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">managers of the Company and those of its directly or
indirectly held subsidiaries:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable since there are no relations of marriage, stable union or kinship to
the second degree between the Company's managers and those of its directly or
indirectly held subsidiaries. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;managers of the Company or its directly or
indirectly held subsidiaries and the Company's directly or indirectly
controlling shareholders:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 73.95pt 0pt 63.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=5>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 12.3pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Manager of issuer or
subsidiary</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 12.3pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Name</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 12.3pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Taxpayer No. (CPF)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Business name of issuer, subsidiary or controlling
      company</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 12.3pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Taxpayer no. (CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 12.3pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Position</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Cec&#237;lia
      Sicupira</FONT></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">(member
      of the Board of Directors)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 12.3pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">055.532.167-37</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 12.3pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Ambev S.A.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 12.3pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">07.526.557/0001-00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="MARGIN: 0cm 12.3pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=5>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 12.3pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 12.3pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Name</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 12.3pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Taxpayer No. (CPF)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 1.7pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Business name of issuer, subsidiary or controlling
      company</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 12.3pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Taxpayer No. (CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 12.3pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Position</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="MARGIN: 0cm 12.3pt 10pt 0cm"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Carlos
      Alberto da Veiga Sicupira</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 12.3pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">041.895.317-15</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="21%">
      <P style="MARGIN: 0cm 12.3pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Carlos
      Alberto da Veiga Sicupira (indirectly controlling
    shareholder)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 12.3pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 12.3pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=5>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 12.3pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of relationship with the manager of the issuer
      or subsidiary</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=5>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 12.3pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Parent (1st degree
  consanguinity)</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 73.95pt 0pt 63.8pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">d)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">managers of the Company and managers of its directly and
indirectly held subsidiaries:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable since there are no relations of marriage, stable union or kinship to
the second degree between the Company's managers and those of its directly or
indirectly controlling companies.</FONT></P>
<P style="MARGIN: 0cm 5.2pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 1.85pt 5.2pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">241</FONT></P></DIV>
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<a name="_bclHeader244"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">12.10-
Relationships of subordination, provision of service or control between managers
and subsidiaries, controlling and other </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">company directly or indirectly controlled by the Company,
except those in which the Company directly or indirectly holds all share
capital:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable, since there are no relations of subordination, provision of services
or control maintained in the last three fiscal years between the Company's
managers and those of a company directly or indirectly controlled by the
Company, except those in which the Company directly or indirectly holds all
share capital.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">direct or indirectly controlling shareholder of the
Company:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Fiscal year
ended December 31, 2017</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between managers and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Victorio Carlos De Marchi</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">008.600.938-91</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Jos&#233;
      Heitor Attilio Gracioso</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">006.716.908-25</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">242</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_245></A>
<a name="_bclPageBorder245"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader245"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Vicente
      Falconi Campos</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">000.232.216-15</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Advisory Council of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">James
      Terence Coulter Wright</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">872.316.898-68</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Fiscal
  Council</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Advisory Council of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Everardo
      de Almeida Maciel</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">018.711.614-87</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Company's Antitrust Compliance and Related Parties Committee
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">243</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_246></A>
<a name="_bclPageBorder246"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader246"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Fiscal year
ended December 31, 2016</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between managers and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Victorio Carlos De Marchi</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">008.600.938-91</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">|Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Jos&#233;
      Heitor Attilio Gracioso</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">006.716.908-25</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Vicente
      Falconi Campos</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">000.232.216-15</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Advisory Council of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">244</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_247></A>
<a name="_bclPageBorder247"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader247"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">&#193;lvaro
      Ant&#244;nio Cardoso de Souza</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">249.630.118-91</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Advisory Council of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">James
      Terence Coulter Wright</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">872.316.898-68</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Fiscal Council
    </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Advisory Council of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Marcel
      Herrmann Telles</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">235.839.087-91</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">245</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_248></A>
<a name="_bclPageBorder248"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader248"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Everardo
      de Almeida Maciel</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">018.711.614-87</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Company's Antitrust Compliance and Related Parties Committee
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Fiscal year
ended December 31, 2015</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Victorio Carlos De Marchi</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">008.600.938-91</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">246</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_249></A>
<a name="_bclPageBorder249"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader249"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Jos&#233;
      Heitor Attilio Gracioso</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">006.716.908-25</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Vicente
      Falconi Campos</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">000.232.216-15</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">&#193;lvaro
      Ant&#244;nio Cardoso de Souza</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">249.630.118-91</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">247</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_250></A>
<a name="_bclPageBorder250"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader250"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">James
      Terence Coulter Wright</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">872.316.898-68</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Fiscal
  Council</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Marcel
      Herrmann Telles</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">235.839.087-91</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">248</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_251></A>
<a name="_bclPageBorder251"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader251"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Everardo
      de Almeida Maciel</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">018.711.614-87</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Direct
      controlling shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Company's Antitrust Compliance and Related Parties Committee
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o
      Zerrenner</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">60.480.480/0001-67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Member of
      the Board of Directors of Funda&#231;&#227;o Zerrenner.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 110%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">if relevant, supplier, client, debtor or creditor of the
Company, its subsidiaries or controlling companies or subsidiaries of any of
these persons: </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Fiscal year
ended December 31, 2017</FONT></U></B></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Vicente
      Falconi Campos</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">000.232.216-15</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Controlling</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Supplier</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Member of the Company's Board of
      Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">INDG &#8211;
      Instituto de Desenvolvimento Gerencial</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Founder
      and member of the Board of Directors of INDG.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Fiscal Year
end December 31, 2016</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Vicente
      Falconi Campos</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">000.232.216-15</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Control
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Supplier</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Member of
      the Company's Board of Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Instituto
      de Desenvolvimento Gerencial (INDG)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Founder
      of INDG and member of its Board of Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">249</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_252></A>
<a name="_bclPageBorder252"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader252"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Marcel
      Herrmann Telles</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">235.839.087-91</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Supplier</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Member of
      the Company's Board of Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Instituto
      de Desenvolvimento Gerencial (INDG)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Member of
      INDG's Board of Directors.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 110%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Fiscal Year
end December 31, 2015</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Vicente
      Falconi Campos</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">000.232.216-15</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Control
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Supplier</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Member of
      the Company's Board of Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Instituto
      de Desenvolvimento Gerencial (INDG)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Founder
      of INDG and member of its Board of Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">250</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_253></A>
<a name="_bclPageBorder253"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader253"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Identification</FONT></B></P>
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Position/duties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Taxpayer No.
    (CPF/CNPJ)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Relationship between manager and related
      person</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Type of related person</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Manager of the issuer</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Marcel
      Herrmann Telles</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">235.839.087-91</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Subordination</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Supplier</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Member of
      the Company's Board of Directors</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Related Person</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Instituto
      de Desenvolvimento Gerencial (INDG)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="22%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" face="times new roman">Member of
      INDG's Board of Directors.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">Note</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=4>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 110%" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">251</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_254></A>
<a name="_bclPageBorder254"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader254"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">12.11-
Agreements, including insurance policies, to pay or reimburse expenses incurred
by managers</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Article 45 of
the Company's Bylaws transcribed below regulates defense procedures for managers
and employees fulfilling mandates in relation to issues arising from the
exercise of their duties.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">"</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Article 45 -
The Company shall assure members of the board of directors, executive board and
fiscal council or the members of any governing bodies whose technical functions
include advising managers, defense in judicial and administrative proceedings
brought by third parties, during or after their term of office for acts
practiced in the exercise of their duties, including long term insurance in
order to safeguard them from liability for acts arising from their position or
duties, with payment of court costs, attorney fees, indemnities and any other
amounts arising from said cases.</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 14.2pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 14.2pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Paragraph 1 -
The above assurance extends to employees regularly acting in fulfillment of
mandates granted by the Company or its subsidiaries.</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 14.2pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 14.2pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Paragraph 2 -
If any of the persons mentioned in the main section or in Paragraph 1 is
convicted in a court's final ruling due to their negligence or willful
misconduct, they shall reimburse the Company for all legal advice costs and
expenses.</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&#8221;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Such article
was approved at the Company&#8217;s shareholders&#8217; meeting held on March 1, 2013. In
addition, the former Companhia de Bebidas das Am&#233;ricas, merged into the Company,
had already a similar provision in its bylaws, as approved at the shareholders&#8217;
meeting held on April 28, 2010, with shareholders representing 94.5520% of the
voting capital stock.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
has an insurance policy with Zurich Minas Brasil Seguros S.A. applicable to its
managers and those of companies controlled by it, with a premium amount of about
US$32,000, for a guaranteed maximum coverage of US$25 million under normal
market conditions for this type of coverage. </FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Thus, the Company ensures to the managers, Fiscal
Council&#8217;s members or to certain employees, defense in judicial and
administrative proceedings filed by third parties, during or after the
respective terms of office, by acts performed within the exercise of their
duties, with the payment of legal fees, expenses and indemnifications and any
other amounts related to such proceedings, except in case of fault or willful
misconduct thereby. The policy does not include coverage of any fines or other
penalties, whether civil or administrative, imposed thereto, whether by state or
self-regulated bodies regulating and supervising the activities of the Company
and its subsidiaries. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Additionally,
Anheuser-Busch InBev SA/NV, the Company's indirectly controlling company, has an
insurance policy with a pool of insurers stipulating payment or reimbursement of
expenses incurred by its own managers and those of companies directly or
indirectly controlled by it that arise from remedying damages caused to third
parties or the Company, up to a guaranteed maximum coverage calculated by
comparison with other companies that have similar risk profiles under the usual
market conditions for such coverage.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">252</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_255></A>
<a name="_bclPageBorder255"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader255"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">12.13 - Other
relevant information</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Company&#8217;s
meetings held in the last three years:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 37.5pt 0pt 21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Type</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 12pt 7.7pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Date held</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="48%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 12pt 7.7pt 10pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Quorum required<SUP>(1)</SUP></FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="30%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Annual
      and Extraordinary General Meeting</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 7.7pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">April 27, 2018</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="48%">
      <P style="MARGIN: 0cm 7.7pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Shareholders representing 89.68% of the company's
      total voting stock</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="30%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Annual
      and Extraordinary General Meeting</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 7.7pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">April 28, 2017</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="48%">
      <P style="MARGIN: 0cm 7.7pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Shareholders representing 88.67% of the company's
      total voting stock</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="30%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Annual
      and Extraordinary General Meeting</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 7.7pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">April 29, 2016</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="48%">
      <P style="MARGIN: 0cm 7.7pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Shareholders representing 87.9% of the company's
      total voting stock</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="30%">
      <P style="MARGIN: 0cm 1.7pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Annual
      and Extraordinary General Meeting</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 7.7pt 10pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">April 29, 2015</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="48%">
      <P style="MARGIN: 0cm 7.7pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">Shareholders representing 87.6605% of the company's
      total voting stock</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 37.5pt 0pt 21.3pt; TEXT-INDENT: -21.3pt"><SUP><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face="times new roman">In the last 3 years, there have been no meetings held
after a second call to order.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">253</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_256></A>
<a name="_bclPageBorder256"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader256"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.1&nbsp;&nbsp;&nbsp;&nbsp; Compensation policy and
practice for the Board of Directors, Board of Officers, Board of Officers,
Fiscal Council, Statutory Committees and Audit, Risk, Financial and Compensation
Committees regarding the following aspects:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a. </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">purposes of the compensation policy or practice,
informing if the compensation practice was formally approved, the body
responsible for its approval, approval date and, if the issuer discloses the
policy, websites in which the document may be found</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The main purpose of the compensation policy of the
Company is to establish a compensation system applicable to the management which
encourages the development of a culture of high performance, keeping key
personnel of the Company over the long term, while ensuring that the best people
are hired and retained, and the interests of the management are aligned with
those of shareholders. There is no policy formally approved by the Board of
Directors.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b. </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">compensation elements, indicating</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i. description of the elements of compensation and the
purposes of each of them</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Board of Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The compensation of the members of the Board of Directors
is divided into: (i) a fixed compensation that is in line with market average;
and (ii) a variable compensation designed to stimulate and reward significant
accomplishments by means of profit sharing. The Company also has a stock option
plan and a share-based payment plan. Additionally, certain members of the Board
of Directors also participate in a private pension fund to which the Company
also makes partial contributions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Board of Officers</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Executive Officers have their compensation divided into
fixed and variable components, provided that the base pay (the fixed component)
is in line with market average, while the main focus is on the variable
compensation (profit sharing) and on the long-term incentives. The members of
the Board of Directors are also entitled to stock options granted under the
Company&#8217;s stock option plan and share-based payment, and, potentially, in the
case of executives identified to have high potential in the long term, the
granting of Share Appreciation Rights (as defined in item 13.4 below). The goal
is to stimulate the alignment of interests for long-term value
generation.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Executive Officers are entitled to the benefits
provided for in the benefits policy of the Company, pursuant to item 14.3 &#8220;b&#8221; of
the Company&#8217;s Reference Form. Such benefits include medical, dental, educational
and social assistance to executive officers and their dependents, free of costs
or at a reduced cost. In addition, certain executive officers participate in a
private pension plan to which the Company makes partial
contributions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Fiscal Council</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The members of the Fiscal Council only receive a fixed
compensation that corresponds, at least, to the legal minimum resolved by the
Shareholders&#8217; Meeting. The compensation paid to each member should not be lower
than ten percent of the compensation assigned to each Executive Officer,
considering the average amount received by the Executive Officers, excluding any
benefits, representation allowances and profit sharing. The compensation of the
alternate members equivalent to 50% of the compensation of the effective
members. Additionally, the members of the Fiscal Council shall be mandatorily
reimbursed for transportation and lodging expenses which may be necessary to
perform their functions.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Committees</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">All members of the Compliance Committee and the members
of the Operations, Finance and Compensation Committee that are part of the Board
of Directors of the Company do not receive any specific compensation for their
activities in those Committees. Members who do not meet this condition, receive
annual fixed fees. Additionally, the members of the Committees shall be
mandatorily reimbursed for transportation and lodging expenses which may be
necessary to perform their functions.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">254</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader257"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ii. regarding the 3 last fiscal years, what is the
participation of each element in total compensation</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 30pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15.05pt">
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fixed compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">33.50%</FONT></B></P></TD>
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">26.70%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15.05pt">
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fees</FONT></I></P></TD>
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27.91%</FONT></P></TD>
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20.90%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.05pt">
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Direct and indirect benefits </FONT></I></P></TD>
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.58%</FONT></P></TD>
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4.18%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.05pt">
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Charges</FONT></I></P></TD>
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></P></TD>
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.62%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.05pt">
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable compensation </FONT></B></P></TD>
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.67%</FONT></B></P></TD>
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20.29%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15.05pt">
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share-based payment and stock
    options</FONT></B></P></TD>
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">55.84%</FONT></B></P></TD>
    <TD style="HEIGHT: 15.05pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">53.01%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15.05pt">
    <TD style="HEIGHT: 15.05pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%">&nbsp;</TD>
    <TD style="HEIGHT: 15.05pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">&nbsp;</TD>
    <TD style="HEIGHT: 15.05pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 30pt">
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></P></TD>
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fixed Compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34.42%</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">38.81%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fees</FONT></I></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">28.68%</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30.46%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Direct and indirect benefits </FONT></I></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.74%</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.19%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Charges</FONT></I></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.16%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable compensation </FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share-based payment and stock
    options</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">65.58%</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">61.19%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%">&nbsp;</TD>
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">&nbsp;</TD>
    <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 30pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fixed Compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">41.01%</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19.44%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fees</FONT></I></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34.18%</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.56%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Direct and indirect benefits </FONT></I></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.84%</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.11%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Charges</FONT></I></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00%</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.77%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable compensation </FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.19%</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24.04%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 17.95pt">
    <TD style="HEIGHT: 17.95pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share-based payment and stock
    options</FONT></B></P></TD>
    <TD style="HEIGHT: 17.95pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">47.79%</FONT></B></P></TD>
    <TD style="HEIGHT: 17.95pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">56.52%</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The proportion of the elements of compensation of the
Board of Directors and the Board of Officers described above tends to repeat, to
a greater or lesser degree, in years when the Company meets the eligible targets
for distribution of variable compensation.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable compensation is determined according to the
performance verified in relation to pre-established targets. Consequently, in
case the minimum targets established are not fulfilled, no variable compensation
will be due.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The compensation of the members of the Fiscal Council is
100% fixed, of which 83.33% corresponds to fees and 16.67% corresponds to
charges on remuneration (percentages applicable to the years 2017, 2016, and
2015).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The members of the Committees that are not part of the
Company&#8217;s Board of Directors have 100% of their compensation composed of annual
fixed fees and are reimbursed for their travels and lodging expenses required
for the performance of their duties.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ii. methodology for calculation and restatement of each
of the compensation elements</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The overall compensation of the management, as approved
by the Annual Shareholders&#8217; Meeting, is restated annually based on a market
research and periodically assessed by the Company&#8217;s People &amp; </FONT><a name="page_258"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Management area, so as to secure that the amounts paid
are sufficient to meet the specific objectives in relation to the
market.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">255</FONT></P></DIV>
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<a name="_bclPageBorder258"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader258"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The variable compensation, when paid in cash, is
calculated as a multiple of fixed compensation, provided that the target
conferred on the manager and the Company have been achieved. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Regarding the determination of the amount of stock
options to be granted, please refer to items 13.4 and 13.8 below. For a
description of the determination of the benefit resulting from Share
Appreciation Rights, please refer to item 13.4 below. For a description related
to the share-based payment plan, please refer to item 13.4 below.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Both for the purpose of compensation and for the purpose
of granting stock options are also taken into account the achievement of annual
targets and other results delivered in the year, meritocracy criteria and the
seniority level of the executive.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Please refer to sub-item &#8220;h&#8221; below for further
information.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">iv. reasons behind the compensation
elements</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Compensation of the management is defined to encourage
its members to meet short and long-term results for the Company. On this regard,
the Company secures a fixed compensation based on market research, however,
encouraging the achievement of expressive results to obtain a variable
compensation above market average. Therefore, Company&#8217;s targets must be
challenging but achievable. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The possibility of granting options and shares encourages
the blending of interests of the shareholders and the management over the
long-term, upon the free or onerous receipt, as the case may be, of the
Company&#8217;s shares by its management, which shares shall be subject to
restrictions on sale or delivery, contingent upon continued employment with the
Company for a certain period of time. Also, additional shares may be granted
depending on the reinvestment level of the variable compensation.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Finally, the Company has decided to adopt, for certain
executives deemed strategic and with high performance potential, the granting of
Share Appreciation Rights, enabling such participants to receive cash bonus
based on the value of the shares of the Company. The granting of Share
Appreciation Rights, however, is contingent upon the continued employment of
executives with Company for a long or very long term, since the amounts have a
lock-up period of five or ten years, then encouraging the retaining of strategic
talent and generating value for shareholders in the long term.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In relation to the Fiscal Council and the Committees, the
intention is to secure compensation compatible with the limits defined in
applicable legislation, ensuring that its members are duly rewarded to perform
their duties.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">v. the existence of members who do not receive
compensation and the reason for that</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Four members of the Board of Directors do not receive
compensation from the Company. Said members are also part of the Board of
Directors of the Parent Company (Anheuser-Busch InBev N.V./S.A. - &#8220;ABI&#8221;), which
bears payment of compensations to these members.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c. </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">key performance indicators taken into account for
determining each compensation element</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The key performance indicators for the Company and its
management are: EBITDA, cash flow and net revenues, in addition to other
specific indicators for the various departments of the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">. how is the compensation structured to reflect the
progress of performance indicators</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The variable compensation (profit sharing) is defined
according to the following basis: (i) below a certain level of target
achievement, no variable compensation shall be due, but, on the other hand,
outstanding accomplishments of targets must be compensated with profit sharing
comparable to or even higher than top levels in the market; and (ii) variable
compensation will only be granted if both the targets of the Company and those
targets of the manager are achieved.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">256</FONT></P></DIV>
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<a name="_bclPageBorder259"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader259"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The executives have the possibility to reinvest their
variable compensation in the Company, by using said compensation, in total or in
part, for the exercise of the stock option granted within the stock option plan
of the Company. In this event, the Company may grant to said executives
additional shares or options, depending on the reinvestment level of their
variable compensation.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For high potential executives, the Company also adopts a
variable pay practice defined as Share Appreciation Rights. According to such
practice, the executives receive, after vesting periods varying between five and
ten years, a value per share corresponding to the closing price of&nbsp; shares
or American Depositary Receipts (&#8220;ADRs&#8221;) issued by the Company at B3 S.A. -
Brasil, Bolsa, Balc&#227;o (&#8220;B3&#8221;)&nbsp; or at the New York Stock Exchange (&#8220;NYSE&#8221;),
as applicable, on the trading session immediately before the respective vesting
periods.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e. </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">how the compensation policy or practice is aligned with
short, medium and long-term interests of the Company</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The fixed compensation is a compensation based on market
research, but as the segment cycle in which the Company operates in is the
segment of medium and long term, the alignment of the compensation to the
interests of the Company is verified by means of the granting of a substantial
portion of compensation referred to those periods.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The medium-term income is aligned with the compensation
policy of the Company as to the payment of the annual bonus. In this case, the
income of the Company and the results of its management during the year will
affect the amount to be assigned as variable pay.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Additionally, the Company&#8217;s stock option plan requires a
commitment of funds over the long-term, by virtue of the vesting period, the
restriction on sale applicable to the corresponding shares or the delivery of
stock options or shares being contingent upon the executive continued employment
with the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The share-based payment plan reinforces the need for a
long-term commitment, once the delivery of the Company&#8217;s shares is contingent
upon the executive continued employment with the Company and the lapse of a
vesting period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share Appreciation Rights occasionally granted to elected
high potential executives by the Company, align the long-term and very long-term
interests by means of the possibility of receiving, after the vesting periods of
five or ten years, the amount corresponding to the appreciation of the shares
issued by the Company, to encourage the retaining of talent as well as such
appreciation of shares.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As such, it is understood that the compensation policy of
the Company is totally aligned with the monitoring of its performance and,
therefore, reaffirms the sharing of the risk and profits among the Company&#8217;s
managers.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f. </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">existence of compensation borne by direct or indirect
subsidiaries or controlling companies</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On November 25, 2008, some Company managers received
stock options of shares issued by ABI, the controlling shareholder of the
Company, totaling approximately five million options, with approximately one
million options for members of the Board of Officers, at the time, and
approximately 4 million for members of the Board of Directors, at the time. Each
of such options entitles the acquisition of one common share issued by ABI. One
half of those options became exercisable on January 1st, 2014 and the other half
shall become on January 1st, 2019. In both cases the options may be exercised
within five years at an exercise price of &#8364;10.32, corresponding to the market
price of the shares of ABI on the date the options were granted. Moreover, the
exercise of such options also depended on ABI&#8217;s net debt to EBITDA ratio to fall
below 2.5 before December 31, 2013, which has been achieved. In 2016, there was
a grant of restricted shares issued by ABI, in accordance with the applicable
lock-up terms, in a total amount of approximately one hundred and seven thousand
restricted shares, of which approximately two thousand and five hundred for
members of the Board of Executive Officers and one hundred and four thousand
restricted shares to the members of the Board of Directors.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In 2017, certain members of the Board of Directors
received 2.1 million in stock options relating to shares issued by ABI and
certain directors received 2.2 million in stock options relating to shares
issued by ABI, being 3.75 million in stock option conditional on achieving CAGR
EBITDA of 7% in the fifth year. In </FONT><a name="page_260"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">case the condition is not met, a new evaluation will be
made for the sixth year and later for the seventh year. The remaining stock
options do not have a performance condition and have a vesting period of 5
years. In addition, in 2017, there was a concession of restricted shares issued
by ABI in the total amount of 0.4 million shares with a vesting period of 5
years.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">257</FONT></P></DIV>
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<a name="_bclHeader260"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g. </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">existence of any compensation or benefit connected to the
occurrence of a certain corporate event, such as the sale of corporate control
of the Company</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable once there is no compensation or benefit
connected to the occurrence of any corporate event.</FONT><STRIKE><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></STRIKE></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h. practices and procedures adopted by the Board of
Directors to define the individual compensation of the Board of Directors and
Board of Officers, appointing:</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i. the bodies and committees of the issuer that
participate in the decision-making process, identifying the form in which they
participate</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The following bodies participate in the decision-making
process for the definition of the individual compensation of the Board of
Directors and the Board of Officers of the Company: the Operations, Finance and
Compensation Committee and the Board of Directors. The Compensation, Financial
and Operation Committee is responsible for providing an opinion on the
management&#8217;s proposal to be assessed by the Board of Directors concerning the
definition of the compensation policy for the high-performance management and
employees of the Company, including their individual compensation packages, in
order to the ensure that the beneficiaries have the proper compensation and
incentives to reach an exceptional and </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">sustainable</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> performance. On the other hand, the Board of Directors
is responsible for deciding on the recommendation presented by the Operations,
Finance and Compensation Committee, as well as fining the criteria for the
granting of stock option, compensation and benefits (indirect benefits, profit
sharing etc.) of the top management and employees (that is, the managers or
holders of equivalent officer positions) of the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ii. criteria and methodology used to establish the
individual compensation, appointing if studies were used to verify the market
practices and, if yes, the comparison criteria and scope of said
studies</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The fixed and variable individual compensation of the
members of the Board of Directors was defined based on a remuneration survey
conducted with large public companies and is updated annually based on the IPCA
variation until the Board of Directors deems it necessary to engage at a new
compensation survey. All directors receive the same remuneration, being noted
that (i) the directors compensated by the controlling shareholder and the
alternates do not receive any fees from the Company; and (ii) the co-chairman of
the Board of Directors compensated by the Company has different compensation due
to his longer time of dedication.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The fixed and variable individual compensation of the
members of the Board of Officers is defined based on an annual remuneration
survey, using the group of companies classified as &#8220;non-durable consumer goods&#8221;
in the comparison. For the definition of fees, the monthly amount paid by the
median of the companies involved in the survey is used as reference. If there is
a positive variation of this indicator in relation to the previous year, the
reference of the previous year is updated. After updating the market benchmark
for each position level, the fees are set by varying according to meritocracy
criteria and the seniority level of the executive. Without prejudice to the
evaluation by the Operations, Finance and Compensation Committee and by the
Board of Directors, as indicated in item (i) above, the fees of the Board of
Officers are analyzed annually by the Company&#8217;s People &amp; Management area,
which may make adjustment recommendations, if necessary. Any recommendations
need to be approved by the CEO to be implemented.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">258</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_261></A>
<a name="_bclPageBorder261"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader261"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">iii. the frequency and method in which the Board of
Directors assesses the adequacy of the compensation policy of the
issuer</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#212121 face="times new roman">Annually, the Operations, Finance and
Compensation Committee evaluates the retention of the Company&#8217;s talents, which
includes the analysis of the need to adapt the compensation practices adopted by
the Company. If this Committee deems it necessary, it is proposed to the Board
of Directors to adjust these practices. In addition, the goals of executives,
whose achievement is decisive in the determination of the amount to be paid by
the Company as variable compensation and in the amount of stock options to be
granted are reviewed and validated by the Board of Directors
annually.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">259</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader262"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.2. Regarding the compensation of the Board of
Directors, Board of Officers and Fiscal Council recognized in the income
statement for the three previous fiscal years and forecasts for current
year</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Forecast for 2018</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of Members</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30.00</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving
    compensation</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">26.00</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Annual Fixed Compensation</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Salary/fees</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,976,160.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,142,834.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,700,989.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,819,983.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Direct and indirect benefits</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">939,457.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">939,457.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Compensation for sitting on
Committees</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,195,233.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,428,567.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">340,198.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,963,998.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Description of other fixed
    compensation</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable Compensation</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bonus</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Profit sharing</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,249,890.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">23,429,920.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27,679,810.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Compensation for attending meetings</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Commissions</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Description of other variable
      compensation</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Post-Employment Benefits</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Termination Benefits</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share-based compensation, including stock
      options</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,384,775.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">26,546,092.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">32,930,867.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Observation</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total compensation</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17,806,058.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">65,486,870.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,041,187.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">85,334,115.00</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of Members</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30.00</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">26.00</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Annual Fixed Compensation</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Salary/fees</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,432,873.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11,038,940.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,546,354.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18,018,167.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Direct and indirect benefits</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">854,052.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">854,052.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Compensation for sitting on
Committees</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,086,575.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,207,788.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">309,271.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,603,634.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Description of other fixed
    compensation</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable Compensation</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bonus</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Profit sharing</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,075,768.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,713,235.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,789,003.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Compensation for attending meetings</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Commissions</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Description of other variable
      compensation</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Post-Employment Benefits</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Termination Benefits</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share-based compensation</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,866,993.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27,998,463.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">38,865,456.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Observation</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total compensation</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,462,209.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">52,812,478.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,855,625.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">74,130,312.00</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">260</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_263></A>
<a name="_bclPageBorder263"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader263"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 25.5pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of Members</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.00</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.00</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.00</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">29.00</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving
    compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.00</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.00</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.00</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">26.00</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Annual Fixed Compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Salary/fees</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,086,590.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,225,100.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,480,778.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18,792,468.00</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Direct and indirect benefits</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">866,594.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">866,594.00</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Compensation for sitting on
Committees</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,017,318.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,483,074.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">296,156.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,796,548.00</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Description of other fixed
    compensation</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable Compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bonus</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Profit sharing</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Compensation for attending meetings</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Commissions</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Description of other variable
      compensation</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Post-Employment Benefits</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Termination Benefits</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share-based compensation. including stock
      options</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11,631,786.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24,554,818.85</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">36,186,604.85</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Observation</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17,735,694.00</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">40,129,586.85</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,776,934.00</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">59,642,214.85</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">261</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 25.5pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 25.5pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d8d8d8; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N<SUP>o</SUP> of Members</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.00</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.25</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.67</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27.92</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving
    compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.00</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.25</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5.67</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24.92</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Annual Fixed Compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Salary/fees</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,669,682.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,933,817.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,395,475.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">14,998,974.00</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Direct and indirect benefits</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">440,023.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">440,023.00</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Compensation for sitting on
Committees</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">933,936.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,786,763.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">279,095.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,999,794.00</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Description of other fixed
    compensation</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INSS</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable Compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bonus</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Profit sharing</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,529,566.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,803,619.35</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,333,185.35</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Compensation for attending meetings</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Commissions</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Description of other variable
      compensation</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Post-Employment Benefits</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Termination Benefits</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share-based compensation. including stock
      options</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,530,174.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">32,445,718.00</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">38,975,892.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Observation</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;The number of members of each body
      corresponds to the average annual number of members of each body
      determined on a monthly basis to two decimal places.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The number of members of each body corresponds to
      the average annual number of members of each body determined on a monthly
      basis to two decimal places.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="43%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,663,358.00</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">57,409,940.35</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,674,570.00</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">72,747,868.35</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">262</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader265"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.3. Regarding the variable compensation of the Board of
Directors, the Board of Officers and the Fiscal Council for the three previous
fiscal years and the forecasts for current fiscal year:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=5>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable compensation &#8211; forecast for
      2018</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 26.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members </FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13.00</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11.00</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6.00</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">30.00</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation
      </FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1.00</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11.00</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.00</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12.00</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bonus </FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Minimum amount according to compensation
      plan</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Maximum amount according to compensation plan
      </FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 26.9pt">
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount provided for in compensation plan in case
      the targets are met</FONT></P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Profit sharing</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Minimum amount according to compensation
      plan</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">504,674</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,782,303</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,286,978</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Maximum amount according to compensation plan
      </FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,249,890</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">23,429,920</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">27,679,811</FONT></P></TD></TR>
  <TR style="HEIGHT: 26.9pt">
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount provided for in compensation plan in case
      the targets are met</FONT></P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,162,886</FONT></P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,499,729</FONT></P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18,662,616</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=5>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable compensation &#8211; fiscal year ended on
      12/31/2017</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 26.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members </FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13.00</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11.00</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6.00</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">30.00</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation
      </FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1.00</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11.00</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">0.00</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12.00</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bonus </FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Minimum amount according to compensation
      plan</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Maximum amount according to compensation plan
      </FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 26.9pt">
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount provided for in compensation plan in case
      the targets are met</FONT></P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Profit sharing</FONT></B></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Minimum amount according to compensation
      plan</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">186,364</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,153,034</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,339,398</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.45pt">
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Maximum amount according to compensation plan
      </FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,923,454</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">24,274,405</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">28,197,859</FONT></P></TD></TR>
  <TR style="HEIGHT: 26.9pt">
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount provided for in compensation plan in case
      the targets are met</FONT></P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">969,878</FONT></P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,000,633</FONT></P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,970,511</FONT></P></TD></TR>
  <TR style="HEIGHT: 26.9pt">
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Amount effectively recognized in the
      income statement for the fiscal year</FONT></P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,075,768</FONT></P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10,713,235</FONT></P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 26.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12,789,003</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable compensation &#8211; fiscal year ended on
12/31/2016</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 14.2pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members </FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12.00</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11.00</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6.00</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">29.00</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation
      </FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1.00</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11.00</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.00</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12.00</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bonus </FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Minimum amount according to compensation
      plan</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Maximum amount according to compensation plan
      </FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount provided for in compensation plan in case
      the targets are met</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Profit sharing</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Minimum amount according to compensation
      plan</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">177,490</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,240,922</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,418,412</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Maximum amount according to compensation plan
      </FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">3,736,623</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">26,124,683</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">29,861,306</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount provided for in compensation plan in case
      the targets are met</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">2,335,389</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,640,958</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">17,976,347</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Amount effectively recognized in the
      income statement for the fiscal year</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">263</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable compensation for the fiscal year ended on
12/31/2015</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 14.2pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members </FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12.00</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10.25</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5.67</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">27.92</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation
      </FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1.00</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10.25</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.00</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11.25</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bonus </FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Minimum amount according to compensation
      plan</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Maximum amount according to compensation plan
      </FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount provided for in compensation plan in case
      the targets are met</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Profit sharing</FONT></B></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Minimum amount according to compensation
      plan</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">167,207</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">910,379</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,077,586</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Maximum amount according to compensation plan
      </FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3,520,145</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">19,165,875</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">22,686,020</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount provided for in compensation plan in case
      the targets are met</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2,200,090</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11,978,672</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">14,178,762</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="36%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Amount effectively recognized in the income
      statement for the fiscal year </FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,529,566</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">13,803,619</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">15,333,185</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt; TEXT-INDENT: -25.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As shown in the table of item 13.2 above, the Company
only pays profit sharing. Therefore, bonus payment does not apply for the
purposes of this item 13.3.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">264</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_267></A>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.4. Regarding the share-based compensation plan
applicable to the Board of Directors and Board of Officers in force for the last
fiscal year and forecasted for current fiscal year</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a. general terms and conditions:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Option Plan</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Under the Company Stock Option Plan (the &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Option Plan</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;), senior employees and management of the Company or its
direct or indirect subsidiaries (beneficiaries) are eligible to receive stock
options of the Company or ADR based in shares issued by the Company, in the
event the beneficiaries do not live in Brazil. Currently, approximately 800
people (including managers and employees) hold stock options for shares of the
Company, taking all the programs of the Option Plan the together.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Option Plan was approved by the Extraordinary
Shareholders&#8217; Meeting of the Company held on July 30, 2013 and provides for the
general conditions applicable to the granting of options, the criteria to
determine its exercise price, its general terms and conditions, and the
restrictions on the transfer of shares acquired by its exercise. The Option Plan
is managed by the Board of Directors which grants options establishing the
specific terms and conditions applicable to each grant through stock option
programs, such as the identification of the beneficiaries, the options&#8217; exercise
price, any restrictions to the acquired shares, the vesting periods and the
option exercise periods and rules applicable to the termination of the
beneficiary&#8217;s employment contract, and it may also establish targets related to
the performance of the Company. The Board of Directors may further define
specific rules applicable to beneficiaries of the Company who have been
transferred to other countries, including to the Company&#8217;s controlling companies
its subsidiaries.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Migration Plan and Received Programs</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On July 31, 2013, a migration program was approved in a
Meeting of the Board of Directors (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Migration Program</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;), with the purpose of receiving, within the scope of
the Option Plan, the options granted but not exercised by the beneficiaries of
the Stock Option Plan of Companhia de Bebidas das Am&#233;ricas &#8211; Ambev
(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Former Option Plan</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;), which was incorporated by the Company on January 2,
2014 (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Merger</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;). For this purpose, a number of options proportional to
the number of shares of the Company was granted to the beneficiaries of the
Former Option Plan as a substitute of the options granted and not exercised
within the scope of said plan.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The specific conditions of the Migration Plan are the
same of the stock programs of Companhia de Bebidas das Am&#233;ricas &#8211; Ambev that
were effective as of the date of the Merger, which&nbsp; remain entirely in
effect and are applicable to the options then granted in the context of the
Migration Program, subject to the required adjustments arising from the
Incorporation and from the terms and conditions defined in the Option Plan
(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Received Programs</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;). The Programs 2012.1, 2012.2, 2012.3, 2013.1 must be
understood as the Received Programs.&nbsp; The individual conditions and the
quantity of options granted to each beneficiary are described in the adhesion
term signed by each one of the beneficiaries.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On December 19, 2013 the Board of Directors also received
the Dividend Waiver rule approved by the Board of Directors of Companhia de
Bebidas das Am&#233;ricas &#8211; Ambev on December 22, 2010. &#8220;Dividend Waiver&#8221; shall be
understood as the granting of additional stock options to some executives
expatriated&nbsp; to the United States of America, in order to compensate the
dividends and interest over own capital attributed to the options belonging to
said executives, who waive, in relation to each one of said options, the right
to a discount on the exercise price of the dividends and interest on own capital
paid by the Company between the date of the option grant and the exercise date,
being applicable to each new option the other terms of the respective programs
that govern the options originally belonging to the executives (&#8220;Dividend
Waiver&#8221;).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share Appreciation Right</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company also received the long-term incentive,
approved by the Board of Directors of Companhia de Bebidas das Am&#233;ricas &#8211; Ambev
on August 26, 2011, granted to some executives identified as high potential by
the Company (and such incentive is denominated &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share Appreciation Rights</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;). Such incentive is beyond the scope of the Option
Plan, since it does not involve settlement by the granting or </FONT><a name="page_268"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">acquisition of shares. Within the scope of the Share
Appreciation Rights program, each beneficiary will receive two separate lots of
Share Appreciation Rights &#8211; (lot A and lot B), as the case may be, in which each
Share Appreciation Right will correspond to a share or ADR, as the case may be,
subject to lock-up periods of five and ten years, respectively as of the date of
their granting. Once such five or ten-year term has elapsed, as applicable, the
beneficiary who remains at the Company or in any entity of its group will
receive in funds immediately available the amount in Brazilian </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> corresponding to the closing price of shares or ADRs of
the Company at B3 or NYSE, respectively, at the trading session immediately
before the end of such lock-up terms. The Share Appreciation Rights
granted&nbsp; do not concern the delivery, subscription or acquisition of shares
or ADRs, and, therefore, will not ascribe to the beneficiary the condition of
shareholder of the Company or to any right or prerogative as a result of such
condition,. The benefits ascribed to the granting of Share Appreciation Rights
shall be considered as variable compensation. </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">265</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_268></A>
<a name="_bclPageBorder268"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader268"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Plan</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company implemented a Share-Based Payment Plan
(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Plan</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221; and, together with the Option Plan, &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Plans</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;), approved by the Extraordinary Shareholders&#8217; Meeting
held on April 29, 2016, under which certain employees and members of the
management of the Company or its subsidiaries, direct or indirect, are eligible
to receive shares of the Company including in the form of ADRs, in the event of
persons living outside Brazil. The shares that are subject to the Stock Plan are
designated &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Restricted Shares</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Board of Directors has broad powers of organization
and management of the Stock Plan, in accordance with its general terms and
conditions, and must establish the terms and conditions applicable to each
Restrictive Shares program (Share-Based Payment Program - &#8220;Stock Programs&#8221;),
which, for its turn, sets the terms and conditions specific to the participants
of that program, including the conditions and procedures for transferring the
Restricted Shares and rules applicable in case of termination of the employment
contract.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Under the Stock Plan, the participants may receive up to
0.3% of shares corresponding to the Company&#8217;s capital stock, and the delivery of
the Restricted Shares is exempt from financial consideration..</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b. main purposes of the Plan:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The main purposes of the&nbsp; Plan are: (a) to encourage
the expansion, the success and the achievement of Company&#8217;s corporate purposes
and the interests of its shareholders, allowing executives and senior employees
to be owners of shares of the Company, in the terms of the Plans, encouraging
this way their integration with the Company; and (b) enabling the Company to
obtain and maintain, effectively, the services of its executives and senior
employees by offering them the possibility of becoming shareholders of the
Company, in the terms of the Plans.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The purposes of the Share Appreciation Right incentive
are the same described above, aiming at encouraging the alignment of interests
for the generation of value in the long term, except for the fact that there is
no delivery of shares. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c. how does these plans contribute to these
objectives:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The possibility of acquiring or receiving shares issued
by the Company under advantageous conditions provided for in the Plans allows
the introduction of considerable incentives for the employees and management of
the Company to commit to create value over the long term, seeking the future
appreciation of shares. In addition, it allows the employees and the managers of
the Company to join the interests of the shareholders, the corporate purposes
and the growth plans of the Company, maximizing their results. Also, the adopted
model expects to be efficient as a mechanism of retention of the key employees
and managers due to, mainly, the sharing of the appreciation of the Company&#8217;s
shares. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d. how does the Plan fit into the Company compensation
policy:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Plans and the incentive of the Share Appreciation
Rights encourage the direct commitment of the respective beneficiaries or
participants, as the case may be, with the performance of the Company in the
</FONT><a name="page_269"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">medium and long term, once the most substantial portion
of asset increase is connected to said performance.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">266</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_269></A>
<a name="_bclPageBorder269"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader269"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Option Plan contains elements that encourage the
commitment of beneficiaries by giving them the option to allocate their own
funds to purchase shares. Additionally, the Share Appreciation Rights incentive
and the Stock Plan incentive stimulate the continued employment of executives
that the Company deems highly strategic to its business and activities, upon the
granting of an attractive variable compensation additional in the long or very
long term.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e. how does the Plan aligns the interests of the
management with those of the Company in the short, medium and long
term:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The options granted under the Option Plan provide for
mechanisms that enable lining up the interests of the management in different
time horizons.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the short term, the managers participating in the
Option Plan are encouraged to contribute to high earnings of the Company, since,
in the capacity of owners of the shares of the Company, they will also have the
right to receive dividends.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Regarding the medium and long term, the models used by
the Company to grant stock options allow the allocation of a percentage of the
beneficiary&#8217;s share in profits to the immediate exercise of the options which
will give right to shares that will be subject to restrictions on transfer and
delivery contingent upon continued employment of the beneficiary with the
Company. For this reason, beneficiaries are expected to have their interests
aligned with expectations of appreciation of the shares of the Company in the
medium and long term, once the relevant shares will be subject to a lock-up,
that is, a period during which they cannot be transferred (please refer to item
&#8220;l&#8221; below). In addition, there are granting models in which the options granted
to the beneficiaries are subject to a vesting period during which such shares
may not be exercised and, therefore, convertible into shares.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Therefore the granting of options with said
characteristics serves as a powerful incentive to align the interests of
employees with those of the management of the Company in the long term, due to
the possibility of expressive gains in the event of appreciation of the stocks
of the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the case of the Share Appreciation Rights incentive,
grants are essentially designed to align interests in the long and very long
term. Any amounts may only be paid by the Company to the beneficiary after the
applicable lock-up period of five or ten years, then encouraging a sustainable
value generation over the time, and primarily encouraging continued employment
of executives deemed strategic or of high potential in relation to the Company&#8217;s
long-term targets.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The same logic is applicable to the Stock Plan, programs
of which the participants only receive the shares after long vesting periods
and, further, conditioned to the continuance of the participant in the
Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f. maximum number of shares covered:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On December 31, 2017, the maximum number of shares
covered by options not yet exercised totaled 23,475,138 common shares issued by
the Company, already including the effects of the dilution resulting from the
exercise of all options under all programs within the scope of the outstanding
Option Plan, including the Migration Program.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Until December 31, 2017, no Restrictive Share had been
granted within the scope of the Stock Plan to members of the Board of Directors
and/or Board of Officers of the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g. maximum number of options to be
granted:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Considering that each option ensures to the beneficiary
the right to acquire a common share of the Company, the quantity of granted
options is connected to the dilution limit described in item &#8220;f&#8221; above&#8221;.&nbsp;
On December 31, 2017, this amount corresponds, in relation to the members of the
Board of Directors and Board of Officers, to 23,475,138 options within the scope
of all programs in the Option Plan. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">267</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_270></A>
<a name="_bclPageBorder270"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader270"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Until December 31, 2017, no Restrictive Share had been
granted within the scope of the Stock Plan to members of the Board of Directors
and/or Board of Officers of the Company. </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h. conditions to acquire shares:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs &#8211; Option Plans</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In relation to the last five fiscal years and in relation
to the current fiscal year, in the Received Programs named Programs 2012.1,
2012.2, 2012.3 and 2013.1, as well as in the Company&#8217;s programs named Programs
2013.2, 2013.3, 2014.1, 2014.2, 2014.3, 2015.1, 2015.2, 2015.3, 2016.1, 2016.2
e, 2016.3, 2017.1, 2017.2, 2017.4, 2018.1 and 2018.2, all within the Scope of
the Option Plan, two types of grant were awarded, as follows: (i) in one type of
grant,, the exercise price of the options must be paid on demand (or within five
business days), although the delivery of a substantial part of the shares
acquired is contingent upon continued employment of the beneficiary with the
Company for a term of two to ten&nbsp; years (depending on the program) as of
the exercise date; and (ii) in the other type of grant, a beneficiary may only
exercise his/her options after a vesting period of five years, upon payment of
exercise price on demand, in consideration for the delivery of shares. Under
this new model the exercise of options is not conditioned to meeting the
Company&#8217;s performance targets.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Share Appreciation Rights incentive does not involve
exactly the acquisition of shares. The cash payment by the Company to the
beneficiary of the amounts determined based on market prices of shares or ADRs
issued by the Company is subject to continued employment with the Company for a
term of five years for lot A and ten years for lot B, and it is not contingent
upon the Company meeting performance targets.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the Program 2018.1, within the scope of the Stock
Plan, the granting was made free of charges and the shares will only be
transferred to the participants after the vesting period of five years, and
provided that the participant maintains the employment/statutory bond with the
Company until the end of said term. There is no binding of the participants to
the reaching of the Company&#8217;s performance goals.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i. criteria to set the acquisition or exercise
price:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The price of the exercise of the shares arising from the
Received Programs named Programs&nbsp; 2012.1, 2012.2, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2012.3, 2013.1, as well as in the Programs
2013.2, 2013.3, 2014.1, 2014.2, 2014.3, 2015.1, 2015.2, 2015.3, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016.1, 2016.2, 2016.3, 2017.1, 2017.2, 2017.4, 2018.1
and 2018.2, all in the scope of the Option Plan, corresponds to the closing
price of the Company&#8217;s stocks traded at B3 on the trading session immediately
before the grant date, traded at B3, and a discount may be applied depending on
the program.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Share Appreciation Rights incentive does not involve
the acquisition of shares, but rather the payment of a cash amount by the
Company to the beneficiary. Such amount i</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">is determined at the end of the lock-up period applicable
to each lot, based on the closing price of shares or ADRs issued by the Company
on the trading session of B3 or NYSE, as applicable, immediately before the date
of payment. Each Share Appreciation Right shall correspond to the right related
to one share or ADR, as applicable.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the Program 2018.1, within the scope of the Stock
Plan, the granting of shares shall be made free of charge to the participants,
under the terms of the Stock Plan and of the relevant program.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">j. criteria to set the final term for
exercise:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Within the scope of the Option Plan, according to the
Received Programs named Programs 2012.1, 2012.2, 2012.3, 2013.1, as well as in
the Programs 2013.2, 2013.3, 2014.1, 2014.2, 2014.3, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2015.1, 2015.2, 2015.3, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016.1, 2016.2, 2016.3, 2017.1, 2017.2, 2017.4 and
2018.1, the lots may only be exercised (i) in full upon the execution of the
option grant agreement by the beneficiary; or (ii) in a period of five years
after the verification of the vesting period of the relevant options. The
program 2018.2 has a single lot that may be exercised, in total or in part,
within 45 days from the granting date.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The criteria used in the establishment of said terms
takes into account the short, medium and long-term goals of this incentive
form.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">268</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_271></A>
<a name="_bclPageBorder271"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader271"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">With regard to the Share Appreciation Rights, lot A
provides for a term of five years to receive the relevant amounts, while in the
case of lot B, there is a term&nbsp; of ten years. The main purpose of grace
periods is to retain executives deemed of high potential and strategic for the
business and activities of the Company, encouraging their continued employment
with the Company in view of the possibility of receiving, in the long term,
potentially attractive amounts linked to the value of shares issued by the
Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Within the scope of the Stock Plan, according to the
Program 2018.1, the delivery of Restrictive Shares will be made after the
vesting period of five years. In these cases, the criterion is the achievement
of the long-term goals of the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">k. form of settlement:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company intends to use treasury stocks to satisfy the
exercise of options, and may, when applicable, use ADRs backed by shares issued
by the Company. The Company may also issue new shares, upon an increase in
capital stock, upon a resolution of the Board of Directors within the limits of
authorized capital. The rule is that the exercise price must be paid on demand
upon the exercise of the options within a period of up to five days as of their
exercise date, depending on the program.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Share Appreciation Rights do neither involve the
effective delivery of shares, nor the payment of any amount by the beneficiary.
They are settled upon the payment of the cash benefit by the Company directly to
the beneficiary, immediately after the end of the relevant grace
period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Within the scope of the Stock Plan, according to the
Program 2018.1, the Restricted Shares shall be delivered by the Company to the
respective participant after the vesting period of five years. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">l. restrictions to the transfer of shares:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Within the Received Programs named Programs 2012.1,
2012.2, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2012.3, 2013.1, 2013.2, 2013.3, 2014.1,
2014.2, 2014.3,</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2015.1, 2015.2, 2015.3</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, 2016.1, 2016.2, 2016.3 as well as the Programs 2017.1,
2017.2, 2017.4, 2018.1 and 2018.2, under terms of the Option Plan, the shares
resulting from the option exercise may (i) be free and clear and may be
transferred at any time, respected the preemptive right of the Company; or (ii)
be subject to a lock-up of, at least, five years as of the date of the option
exercise, depending on the program.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share Appreciation Rights incentive by the Company does
not involve the l delivery of shares. Therefore, there is nothing to say about
any restriction to the transfer of shares. Please note, however, that the
receipt of the amounts under the share appreciation rights program is subject to
the grace periods described in sub-item &#8220;h&#8221; above.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Within the scope of the Stock Plan, according to the
Program 2018.1, within the Stock Plan, the delivered shares will be free and
clear, and may be transferred at any time, respected the preemptive right of the
Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">m. criteria and event that, once verified, will result in
the suspension, amendment or termination of the Plan:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Plans may be amended or terminated by the Board of
Directors, pursuant to the terms under said Plans. Regardless of the authority
of the Board of Directors, no decision may change the rights and obligations of
the Company or beneficiaries or participants in force.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In addition, in case of dissolution, transformation,
merger, consolidation, spin-off or reorganization of the Company, the existing
options will be subject to the rules established by the Board of Directors on
this matter.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">n. effects of withdrawal of a manager from the bodies of
the Company on the rights provided under share-based compensation
plan:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">269</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_272></A>
<a name="_bclPageBorder272"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader272"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs (Option Plan)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- Programs </FONT></U></I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2012.2, 2013.3, 2013.2, 2013.3, 2014.2,
2014.3, 2015.1, 2015.2, 2015.3, 2016.2, 2016.3, 2017.1 and
2017.4</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">: For these </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs, in the event of termination of the
beneficiary&#8217;s employment contract, the following rules shall apply: (i) in the
event of termination for cause or similar reason, renouncement or resignation or
leave without pay for a period exceeding 24 months, any options not qualified to
be exercised will lapse and any options already qualified to be exercised may be
so within 90 days as of the severance date, after which they will be canceled;
(ii) in the event of dismissal without cause or severance resulting from
outsourced services, sale of affiliate company or business unit, any options not
qualified to be exercised will lapse and any options already qualified to be
exercised may be so within 180 days as of the severance date, after which they
will be canceled; (iii) in the event of severance after a beneficiary has
cumulatively achieved 70 years (i.e. sum of his/her age and the duration of
his/her service with the Company at severance date), any options qualified to be
exercised may be so, while in relation to any options not qualified to be
exercised, in case severance has occurred within 24 months after the option
grant, the beneficiary may only exercise his/her options on a pro rata basis if
he/she has subscribed, within the scope of other Option Programs that he/she has
participated as beneficiary, Lot B in the past five years, provided that he/she
executes a non-compete agreement and, in case severance has occurred after 24
months, the beneficiary may exercise his/her options on a pro rata basis
provided also that he/she executes the above-mentioned non-compete agreement;
(iv) in the event of severance after a beneficiary has cumulatively achieved 80
years (i.e. sum of his/her age and the duration of his/her service with the
Company at severance date), any options qualified to be exercised may be so
within their respective terms, provided that any options not qualified to be
exercised may be so, provided that he/she executes the above-mentioned
non-compete agreement if this is so resolved by the Board of Directors of the
Company; and (v) in case of death or permanent disability, any options already
qualified to be exercised may be so within their respective terms, and any
options not yet qualified to be exercised may nevertheless be so immediately,
provided, however, that the Board of Directors of the Company may, in case of
permanent disability, require any such exercise be contingent upon the execution
of a non-compete agreement.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs 2012.2, 2012.3, 2013.2, 2013.3, 2014.2, 2014.3,
2015.1, 2015.2, 2015.3, 2016.2, 2016.3, 2017.1 and 2017.4</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">: </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">For these </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs, in the event of termination of the
beneficiary&#8217;s employment contract, the following rules shall apply, as per each
described event, namely: (i) in the event of termination for cause or similar
reason, renouncement or resignation or leave without pay for a period exceeding
24 months, any options not qualified to be exercised will lapse and any options
already qualified to be exercised may be so within 90 days as of the severance
date, after which they will be canceled; (ii) in the event of dismissal without
cause or severance resulting from outsourced services, sale of affiliate company
or business unit of the Company, any options not qualified to be exercised will
lapse and any options already qualified to be exercised may be so within 180
days as of the severance date, after which they will be canceled; (iii) in the
event of severance after a beneficiary has cumulatively achieved 70 years (i.e.
sum of his/her age and the duration of his/her service with the Company at
severance date), any options qualified to be exercised may be so, while in
relation to any options not qualified to be exercised, in case severance has
occurred within 24 months after the option grant, the beneficiary may only
exercise his/her options on a pro rata basis if he/she has participated, upon
destination of the totality of his/her variable net compensation, of other
Option Programs that he/she has participated as beneficiary, conditioned to the
execution of a non-compete agreement and, in case severance has occurred after
24 months, the beneficiary may exercise his/her options on a pro rata basis also
conditioned to the execution of the above-mentioned non-compete agreement; (iv)
in the event of severance after a beneficiary has cumulatively achieved 80 years
(i.e. sum of his/her age and the duration of his/her service with the Company at
severance date), any options qualified to be exercised may be so within their
respective terms, provided that any options not qualified to be exercised may be
so, provided that he/she executes the above-mentioned non-compete agreement if
this is so resolved by the Board of Directors of the Company; and (v) in case of
death or permanent disability, any options already qualified to be exercised may
be so within their respective terms, and any options not yet qualified to be
exercised may nevertheless be so immediately, provided, however, that the Board
of Directors of the Company may, in case of permanent disability, condition such
exercise to the execution of a non-compete agreement.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">270</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_273></A>
<a name="_bclPageBorder273"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader273"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs 2012.1, 2013.1, 2014.1, 2015.1, 2016.1,
2017.2</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">: For these Programs, in the event the employment
agreement or term of office of the beneficiary terminates during the vesting
period, for any reason, except for the cases set forth below, the beneficiary
will lose the right to receive said shares.&nbsp; In the event of termination of
the employment contract or term of office after 24 months as of grant date, for
any reason other than (a) for cause, renouncement or resignation, or (b) the
events provided below: (i) the beneficiary shall be entitled to receive, always
on a pro rata basis to the number of calendar months completed during which
he/she has remained performing his/her functions to the Company, its
subsidiaries, controlling companies and affiliates as of the date the options
were granted, the shares assigned to him/her until the termination of his/her
functions to the Company, its subsidiaries, controlling companies and
affiliates, provided that the Board of Directors may resolve that such receipt
is contingent upon the execution and performance by the beneficiary of a
non-compete agreement with the Company according to the terms and conditions
established by the Board of Directors; and (ii) the restrictions to the transfer
of shares provided for in the Program shall remain in force. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the event of severance after a beneficiary has
cumulatively achieved seventy (70) years (i.e. sum of his/her age and the
duration of his/her service with the Company at severance date), any options
qualified to be exercised may be so, while in relation to any options not
qualified to be exercised: (i) in case severance has occurred within 24 months
after the option grant, the beneficiary will lose his/her right to receive the
shares, except if the beneficiary shall have allocated 100% of his Bonus to full
exercise of options in the last five years (or in such shorter period in which
he/she has become eligible to participate in the Company&#8217;s Programs), in which
case the beneficiary shall be entitled to receive, always on a pro rata basis to
the number of calendar months completed during which he/she has remained in
his/her office at the Company, its subsidiaries, controlling companies and
affiliates, as of the grant date, the shares assigned to him/her until the date
of termination of his/her employment with the Company, its subsidiaries,
controlling companies and affiliates, provided that the Board of Directors may
determine that receipt thereof shall be contingent upon the execution and
performance, by the beneficiary, of a non-compete agreement with the Company;
and (ii) if the severance occurred after 24 months after&nbsp; the granting of
options, the beneficiary shall be entitled to receive, at all times proportional
to the number of complete civil months which he/she remained in the performance
of his/her duties to the Company, or to its controlled or controlling companies
and affiliates, since the stock granting date, the shares that were attributed
to him/her until the termination of their duties to the Company or to its
controlling or controlled companies and affiliates, it being certain that the
Board of Directors may establish that the receipt is conditioned to the
execution of and compliance with the non-compete agreement with the Company by
the beneficiary.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the event of severance after a beneficiary has
cumulatively achieved 80 years (i.e. sum of his/her age and the duration of
his/her service with the Company at severance date), he/she shall be entitled to
receive the shares after complying with the vesting period provided for in the
Program. In this case, restrictions on the transfer of shares under the Program
shall remain force.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In case of death or permanent disability of the
beneficiary &#8211; in the latter case, contingent upon the execution and performance,
by the beneficiary, of a non-compete agreement with the Company according to the
terms and conditions established by the Board of Directors &#8211; he/she or his/her
heirs or successors, as applicable, shall be entitled to immediately receive the
shares resulting from the options granted, as well as the shares already
assigned in the period, all of them free and clear.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2018.2: </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">in this Program, within the scope of the Option Plan, in
the event the employment agreement or term of office of the beneficiary
terminates (a) after the exercise date, for any reason, the beneficiary will
remain entitled to the shares acquired under the Program, as well as those
acquired due to bonus, split, subscription or other acquisition form related to
said shares or (b) prior to the exercise date, the beneficiary will lose right
to the exercise of the options.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share Appreciation Rights</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In relation to lot A:</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the events of (i) dismissal for cause or similar
reason; (ii) leave without pay for a period exceeding 24 months; (iii)
renouncement or resignation; (iv) dismissal without cause; (v) severance
resulting from outsourced services, sale of subsidiary, affiliate company or
business unit of the Company; and (vi) severance after a beneficiary has
cumulatively achieved 70 years (i.e. sum of his/her age and the duration </FONT><a name="page_274"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">of his/her service with the Company at severance date),
the Share Appreciation Rights will be canceled and terminated by operation of
law.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">271</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_274></A>
<a name="_bclPageBorder274"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader274"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the events of (i) severance after a beneficiary has
cumulatively achieved 80 years (i.e. sum of his/her age and the duration of
his/her service with the Company at severance date); and (ii) permanent
disability, the Share Appreciation Rights granted during the period starting on
their grant date and ending on the severance date shall remain valid and their
settlement shall comply with the vesting periods provided for in the relevant
agreement, provided that receipt of the corresponding bonus shall be contingent
upon the beneficiary executing and performing a non-compete agreement with the
Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the event of death of the beneficiary, the Share
Appreciation Rights shall be settled on a pro rata basis according to a formula
calculated based on the number of calendar months completed during the
effectiveness of his/her employment contract with the Company and the
beneficiary or, as applicable, his/her term of office as manager of the Company
since the grant date.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In relation to lot B: </FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the events of (i) dismissal for cause or similar
reason; (ii) leave without pay for a period exceeding twenty-four (24) months;
and (iii) renouncement or resignation, the Share Appreciation Rights shall be
canceled and terminated by operation of law.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the events of (i) dismissal without cause; (ii)
severance resulting from outsourced services, sale of subsidiary, affiliate
company or business unit of the Company; and (iii) severance after a beneficiary
has cumulatively achieved 70 years (i.e. sum of his/her age and the duration of
his/her service with the Company at severance date), the following rules shall
apply: (a) severance before the 5-year vesting term: the Share Appreciation
Rights shall be canceled and terminated by operation of law; (b) severance
between 5 and 10 years of grant date anniversary: the Share Appreciation Rights
shall be settled on a pro rata bass according to a formula calculated based on
the number of calendar months completed during the effectiveness of his/her
employment contract with the Company and the beneficiary or, as applicable,
his/her term of office as manager of the Company since the grant
date.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the events of (i) severance after a beneficiary has
cumulatively achieved 80 years (i.e. sum of his/her age and the duration of
his/her service with the Company at severance date); and (ii) permanent
disability, the Share Appreciation Rights granted during the period starting on
the grant date and ending on severance date shall remain valid and their
settlement shall comply with the vesting periods provided for in the relevant
agreement, provided that receipt of the corresponding bonus shall be contingent
upon the beneficiary executing and performing a non-compete agreement with the
Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the event of death of the beneficiary, the Share
Appreciation Rights shall be settled on a pro rata basis according to a formula
calculated based on the number of calendar months completed during the
effectiveness of his/her employment contract with the Company and the
beneficiary or, as applicable, his/her term of office as manager of the Company
since the grant date.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program (Stock Plan)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2018.1:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For this Program, in the event the employment agreement
or term of office terminates during the vesting period, for any reason, except
for the events described below, the beneficiary will lose the right to receive
said shares. In the event of termination of the employment contract or term of
office after 24 months as of grant date of the Restrictive Shares, for any
reason other than (a) termination for cause or similar reason, renouncement or
resignation or leave without pay for a period exceeding 24 months, or (b) the
events provided below: (i) the beneficiary shall be entitled to receive the
corresponding shares, on a pro rata basis corresponding to the result of
Restrictive Shares and additional shares owned by the beneficiary on the
severance date, multiplied by the complete civil months of employment or office
by the period between the grant date and the relevant termination of the
relation with the Company (which will always be inferior to 60 months), divided
by 60, it being certain that the Board of Directors may establish that the
receipt be conditioned to the execution and compliance with a non-compete
agreement, by the beneficiary, with the Company, under the terms established by
the Board of Directors; and (ii) the restriction on the sale of shares, set
forth in the Program, will remain in effect.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">272</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_275></A>
<a name="_bclPageBorder275"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader275"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the event of severance after a beneficiary has
cumulatively achieved 70 years (i.e. sum of his/her age and the duration of
his/her service with the Company at severance date), except for the events of
dismissal for cause, in relation to the Restrictive Shares and additional shares
that are not yet free to be delivered to the beneficiary: (i) if the severance
occurred 24 months after the stock grant date and the beneficiary has
participated, upon the total destination of its net variable compensation (that
is, total amount of the annual gratification, bonus or profit sharing, net of
income tax and other levied charges), of all stock option programs of the
Company approved by the Board of Directors of the Company in which his/her name
appeared in the list of beneficiaries in the 5 years immediately prior to the
severance date (or, in the event the beneficiary has become eligible to
participate in such programs less than five years from the severance date, as
many years as the years the beneficiary has become eligible), the beneficiary
shall be entitled to receive the Restrictive Shares and the additional shares,
under the terms of the Program, on a pro rata basis corresponding to the result
of Restrictive Shares and additional shares owned by the beneficiary on the
severance date, multiplied by the complete civil months of employment or office
by the period between the grant date and the relevant termination of the
relation with the Company (which will always be inferior to 60 months), divided
by 60, it being certain that the Board of Directors may establish that the
receipt be conditioned to the execution and compliance with a non-compete
agreement, by the beneficiary, with the Company, under the terms established by
the Board of Directors; and (ii) if the severance occurs after 24 months
subsequent to the grant date of shares, the beneficiary shall be entitled to
receive the Restrictive Shares and the additional shares, under the terms of the
Program, on a pro rata basis corresponding to the result of Restrictive Shares
and additional shares owned by the beneficiary on the severance date, multiplied
by the complete civil months of employment or office by the period between the
grant date and the relevant termination of the relation with the Company (which
will always be inferior to 60 months), divided by 60, it being certain that the
Board of Directors may establish that the receipt be conditioned to the
execution and compliance with a non-compete agreement, by the beneficiary, with
the Company, under the terms established by the Board of Directors. In both
cases, the restriction on the sale of shares, set forth in the Program, will
remain in effect.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the event of severance after a beneficiary has
cumulatively achieved 80 years (i.e. sum of his/her age and the duration of
his/her service with the Company at severance date), except for the events of
dismissal for cause, the beneficiary will receive the Restrictive Shares and the
additional shares that are not yet free to delivery, it being certain that the
Board of Directors may establish that the receipt be conditioned to the
execution and compliance with a non-compete agreement, by the beneficiary, with
the Company. In this case, the restriction on the sale of shares, set forth in
the Program, will remain in effect.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In case of death or permanent disability, the beneficiary
(or his heirs or successors) will immediately receive the Restrictive Shares and
additional shares that are not yet free to be delivered under the Program, it
being certain that in the event of permanent disability, the Board of Directors
may establish that the receipt be conditioned to the execution and compliance
with a non-compete agreement, by the beneficiary, with the Company. In case of
death, all shares will be free and clear for sale at any moment. In case of
permanent disability, the restriction on the sale of shares, set forth in the
Program, will remain in effect.</FONT></P><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"><BR clear=all></FONT>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">273</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name="page_276"></A>

<a name="_bclPageBorder276"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader276"></a><DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.5 In relation to share-based payments made to the Board of Directors and Board of Officers recognized in the income statement of the last three fiscal years and the forecast for current year:</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Share-based compensation estimated for the current fiscal year (*)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Officers</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">No. of Members</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">No. of members receiving compensation</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Weighted average exercise price:</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(a) Options outstanding in the beginning of fiscal year</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.15</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.87</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(b) Options lost during the fiscal year</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(c) Options exercised during the fiscal year</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(d) Options expired during the fiscal year</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=bottom width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Potential dilution upon exercise of all options granted</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0344%</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0427%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=bottom width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Share-based compensation &#8211; year ended on 12/31/2017</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Officers</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">No.&#186; of Members</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">No. of members receiving compensation</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Weighted average exercise price:</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(a) Options outstanding in the beginning of fiscal year</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.68</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.06</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(b) Options lost during the fiscal year</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(c) Options exercised during the fiscal year</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(d) Options expired during the fiscal year</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=bottom width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Potential dilution upon exercise of all options granted</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0386%</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0367%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 14.15pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 14.15pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share-based compensation &#8211; year ended on 12/31/2016</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 14.15pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Officers</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">No. of Members</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">No. of members receiving compensation</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Weighted average exercise price:</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(a) Options outstanding in the beginning of fiscal year</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.03</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.42</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(b) Options lost during the fiscal year</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(c) Options exercised during the fiscal year</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(d) Options expired during the fiscal year</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=bottom width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Potential dilution upon exercise of all options granted</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0401%</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0326%</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 14.15pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">274</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name=page_277></A>
<a name="_bclPageBorder277"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader277"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 14.15pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share-based compensation &#8211; year ended on
12/31/2015</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">No. of
      Members</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,25</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">No. of
      members receiving compensation</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Weighted average exercise price:</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(a)
      Options outstanding in the beginning of fiscal year</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.72</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">14.55</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(b)
      Options lost during the fiscal year</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(c)
      Options exercised during the fiscal year</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.09</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.45</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="64%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">(d)
      Options expired during the fiscal year</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=bottom width="64%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Potential dilution upon exercise of all options
      granted</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0467%</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0461%</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">275</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD width="100%" colSpan=17>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For each grant recognized in income for the past
      three (3) fiscal years and the current fiscal year</FONT></B></P>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Current Fiscal Year (*)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2013</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2013</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2014</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2014</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2015</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2015</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options Granted</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,204,633</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49,.377</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,582,208</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">677,502</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">612,965</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">785,962</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vesting Period</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2018</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2018</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2019</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2019</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2020</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2020</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Term for exercise of the Options</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2023</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2023</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2024</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2024</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2025</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2025</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on grant date</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,135,707.30</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,318,603.63</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,640,019,.36</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,127,859.54</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,902,828.03</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,286,552.29</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Current Fiscal Year (*)<BR>Cont I</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2015</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2016</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2016</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2017</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2017</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2017</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options Granted</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">505,918</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">684,057</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,188,079</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">454,902</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">659,232</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,074,538</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vesting Period</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2020</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2021</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2021</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2022</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2022</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2022</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Term for exercise of the Options</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2025</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2026</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2026</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2027</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2027</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2027</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on grant date</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,817,662.86</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,129,422.10</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,172,033.44</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,501,834.63</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,465,570.72</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,278,811.44</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%">&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=3>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=2>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Current Fiscal Year (*)<BR>Cont
II</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="35%" colSpan=7></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>&nbsp;</TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="35%" colSpan=7></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date </FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2018</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/10/2018</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/10/2018</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="35%" colSpan=7></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options Granted</FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">550,481</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">659,232</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,074,538</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="35%" colSpan=7></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vesting Period</FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2023</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2023</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2023</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="35%" colSpan=7></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Term for exercise of the Options</FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2028</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2028</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2028</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="35%" colSpan=7></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="35%" colSpan=7></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on grant date</FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,501,834.63</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,465,570.72</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,278,811.44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="35%" colSpan=7></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="100%" colSpan=17>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(*) Based on the best estimates of the Company&#8217;s
      management and on data for the current fiscal year..</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=17>&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">276</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_279></A>
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<a name="_bclHeader279"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 21.75pt">
    <TD style="HEIGHT: 21.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 21.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>&nbsp;</TD>
    <TD style="HEIGHT: 21.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 21.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>&nbsp;</TD>
    <TD style="HEIGHT: 21.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 21.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 21.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>&nbsp;</TD></TR>
  <TR style="HEIGHT: 21.75pt">
    <TD style="HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2017</FONT></B></P></TD>
    <TD style="HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>&nbsp;</TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date </FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2012</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2012</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/2012</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2013</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2013</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2014</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options Granted</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,322,880</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">499,990</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">90,960</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,204,633</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">491,377</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,582,208</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vesting Period</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2017</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2017</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/2017</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2018</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2018</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2019</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Term for exercise of the Options</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2022</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2022</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/2022</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2023</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2023</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2024</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on grant date</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,420,076.38</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,804,459.96</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">522,781.27</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,135,707.30</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,318,603.63</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9,640,019.36</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face=arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>&nbsp;</TD></TR>
  <TR style="HEIGHT: 21.75pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2017<BR>Cont I</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>&nbsp;</TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date </FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2014</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2015</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2015</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2015</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2016</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2016</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options Granted</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">677,502</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">612,965</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">785,962</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">505,918</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">684,057</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,118,079</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vesting Period</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2019</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2020</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2020</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2020</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2021</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2021</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Term for exercise of the Options</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2024</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2025</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2025</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2025</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2026</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2026</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on grant date</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,127,859.54</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,902,828.03</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,286,552.29</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,817,662.86</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,129,422.10</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,148,233.38</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="37%" colSpan=3>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=2>&nbsp;</TD></TR>
  <TR style="HEIGHT: 21.75pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2017<BR>Cont II</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="32%" colSpan=6></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="32%" colSpan=6></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date </FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2017</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2017</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2017</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="32%" colSpan=6></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options Granted</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">454,902</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">659,232</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,074,538</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="32%" colSpan=6></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vesting Period</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2022</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2022</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2022</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="32%" colSpan=6></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Term for exercise of the Options</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2027</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2027</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2027</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="32%" colSpan=6></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="32%" colSpan=6></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="37%" colSpan=3>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on grant date</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="9%" colSpan=4>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,501,834.63</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,465,570.72</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,255,011.18</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="32%" colSpan=6></TD></TR>
  <TR>
    <TD width="100%" colSpan=18>&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">277</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_280></A>
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<a name="_bclHeader280"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 24.25pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 24.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" width="34%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/31/2016</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 24.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 24.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 24.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 24.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 24.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 24.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.55pt">
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Stock
      Options</FONT></B></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%" noWrap>&nbsp;</TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%" noWrap>&nbsp;</TD></TR>
  <TR style="HEIGHT: 12.55pt">
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Grant
      Date </FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11/30/2011</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11/30/2011</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11/30/2012</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11/30/2012</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/20/2012</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/02/2013</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.55pt">
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Number
      of Options Granted</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,514,280</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,157,120</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,148,120</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">578,635</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">90,960</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,052,074</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.55pt">
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Vesting
      Period</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11/30/2016</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11/30/2016</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11/30/2017</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11/30/2017</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/20/2017</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/02/2018</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.55pt">
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Term
      for exercise of the Options</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11/30/2021</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11/30/2021</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11/30/2022</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11/30/2022</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/20/2022</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/02/2023</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.55pt">
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Lock-up
      Period</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.55pt">
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Fair
      value of options on grant date</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6,495,943.90</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">4,963,802.34</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6,439,841.93</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3,245,582.29</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">522,781.27</FONT></P></TD>
    <TD style="HEIGHT: 12.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">7,105,372.44</FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">&nbsp;
      </FONT></P></TD>
    <TD width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR style="HEIGHT: 22.7pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.7pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/31/2016<BR>Cont I</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.7pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.7pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.7pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.7pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.7pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.7pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.75pt">
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Stock
      Options</FONT></B></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>&nbsp;</TD></TR>
  <TR style="HEIGHT: 11.75pt">
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Grant
      Date </FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/02/2013</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2014</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2014</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2015</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2015</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/22/2015</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.75pt">
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Number
      of Options Granted</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">510,730</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,421,323</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">756,157</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">484,967</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">845,876</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">505,918</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.75pt">
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Vesting
      Period</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/02/2018</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2019</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2019</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2020</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2020</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/22/2020</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.75pt">
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Term
      for exercise of the Options</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/02/2023</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2024</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2024</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2025</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2025</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/22/2025</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.75pt">
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Lock-up
      Period</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.75pt">
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Fair
      value of options on grant date</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3,449,307.62</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">8,659,785.08</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">4,607,085.87</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3,879,030.29</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6,765,777.10</FONT></P></TD>
    <TD style="HEIGHT: 11.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3,817,662.86</FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="34%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">&nbsp;&nbsp; </FONT></P></TD>
    <TD width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="11%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR style="HEIGHT: 21.75pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/31/2016<BR>Cont II</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.25pt">
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Stock
      Options</FONT></B></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.25pt">
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Grant
      Date </FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2016</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2016</FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.25pt">
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Number
      of Options Granted</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">684,057</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,350,459</FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.25pt">
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Vesting
      Period</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2021</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2021</FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.25pt">
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Term
      for exercise of the Options</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2026</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/01/2026</FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.25pt">
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Lock-up
      Period</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">NA</FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR style="HEIGHT: 11.25pt">
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">Fair
      value of options on grant date</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">4,129,422.10</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">8,152,266.91</FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BORDER-TOP: medium none; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: medium none; PADDING-RIGHT: 3.5pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR></TABLE></DIV>
<P></P>
<P style="MARGIN: 0cm 0cm 10pt">&nbsp;</P></DIV></DIV>
<DIV align=left>&nbsp;</DIV>
<DIV></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">278</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_281></A>
<a name="_bclPageBorder281"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader281"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 21.75pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2015</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">&nbsp;</TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date </FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2010</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2010</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">08/19/2010</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2010</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2010</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2011</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options Granted</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">852,850</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">147,125</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">58,050</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">811,900</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,121,300</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,514,280</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vesting Period</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2015</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2015</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2015</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2015</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2015</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2016</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Term for exercise of the Options</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2020</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2020</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2020</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2020</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/2020</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/20/2021</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.25pt">
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on grant date</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,899,690.00</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">500,225.00</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">255,746.24</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,934,823.64</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,053,230.39</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,496,261.20</FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp; </FONT></P></TD>
    <TD width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P></TD>
    <TD width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P></TD>
    <TD width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P></TD>
    <TD width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P></TD>
    <TD width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P></TD>
    <TD width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P></TD></TR>
  <TR style="HEIGHT: 21.75pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2015</FONT></B></P>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cont I</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">&nbsp;</TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date </FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2011</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2012</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2012</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2013</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2013</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2014</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options Granted</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,368,595</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.148.120</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">950,485</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,052,074</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">925,027</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,421,323</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vesting Period</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2016</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2017</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2017</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2018</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2018</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2019</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Term for exercise of the Options</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/20/2021</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2022</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2022</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2023</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/2023</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2024</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.25pt">
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on grant date</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,871,272.55</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6.440.953,20</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,332,220.85</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,428,172.14</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,651,914.97</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,390,879.60</FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp; </FONT></P></TD>
    <TD width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P></TD>
    <TD width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P></TD>
    <TD width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P></TD>
    <TD width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P></TD>
    <TD width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P></TD>
    <TD width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></P></TD></TR>
  <TR style="HEIGHT: 21.75pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2015</FONT></B></P>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cont II</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 21.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options</FONT></B></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date </FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2014</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2015</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2015</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2015</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options Granted</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,142,103</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">484,967</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,090,569</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">505,918</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vesting Period</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2019</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2020</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2020</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2020</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Term for exercise of the Options</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2024</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2025</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2025</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2025</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="HEIGHT: 12.75pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">NA</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD></TR>
  <TR style="HEIGHT: 11.25pt">
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="22%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on grant date</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,938,935.60</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,802,141.28</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,550,060.96</FONT></P></TD>
    <TD style="HEIGHT: 11.25pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3,966,397.12</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%"></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<UL style="MARGIN-BOTTOM: 0cm; MARGIN-TOP: 0cm" type=disc>
  <LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Whenever necessary, the number of options granted and
  fair value were adjusted to reflect all stock splits that took place within
  the relevant period.</FONT> </LI></UL>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">279</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_282></A>
<a name="_bclPageBorder282"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader282"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Calculation log of the potential dilution resulting from
the exercise of options</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The potential dilution mentioned in the tables above and
represented in the table below considers that 100% of the options granted to the
members of the Board of Directors and Board of Officers are exercised on the
base date of this Reference Form, this is to say, December 31, 2017, and that
the Company issues new shares as a result thereof. The dilution is calculated by
the ratio between the number of new shares issued and the total number of shares
of the capital stock after such issuance. </FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">280</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_283></A>
<a name="_bclPageBorder283"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader283"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 8.5pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares of the Capital Stock at the End of the Year
      (12/31/2017)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Potential dilution if all options are
      exercised</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=10 width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">08/28/2009</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">701,175.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0045%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">03/30/2010</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">852,850.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0054%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">08/19/2010</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">58,050.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0004%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11/30/2010</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">811,900.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0052%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11/30/2011</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">1,692.005,0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.0108%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11/30/2012</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">1,</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">322.880,0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.084%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/02/2013</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">1,204.633,0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.0077%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/01/2014</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">1,582.208,0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.0101%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/01/2015</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">612.965,0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.0039%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/01/2016</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">684,057.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0044%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=19 width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/01/2017</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">659,232.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0042%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">04/30/2008</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">372,875.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0024%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">03/30/2009</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">318,375.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0020%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">08/28/2009</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">2,194,500.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0140%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">03/30/2010</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">147,125.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0009%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/2010</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">934.225,0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0059%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">06/27/2011</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2,084,800.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0133%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">10/25/2011</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">250.325,0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0016%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11/30/2011</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1.032.715,0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0066%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/21/2011</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">189,015.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0012%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11/30/2012</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">499,990.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0032%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/20/2012</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">90,960,0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0006%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/02/2013</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">491,377.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0031%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/01/2014</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">677,502,0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0043%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/01/2015</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">785,962,0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0050%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/22/2015</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">505,918.0</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 8.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">0.0065%</FONT></P></TD></TR>
  <TR style="HEIGHT: 10.2pt">
    <TD style="HEIGHT: 10.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/01/2016</FONT></P></TD>
    <TD style="HEIGHT: 10.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,188,079.0</FONT></P></TD>
    <TD style="HEIGHT: 10.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 10.2pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0076%</FONT></P></TD></TR>
  <TR style="HEIGHT: 2.9pt">
    <TD style="HEIGHT: 2.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2017</FONT></P></TD>
    <TD style="HEIGHT: 2.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">454,902,0</FONT></P></TD>
    <TD style="HEIGHT: 2.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 2.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0029%</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.15pt">
    <TD style="HEIGHT: 11.15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2017</FONT></P></TD>
    <TD style="HEIGHT: 11.15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,074,538,0</FONT></P></TD>
    <TD style="HEIGHT: 11.15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15,717,615,419</FONT></P></TD>
    <TD style="HEIGHT: 11.15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.0068%</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">When required, the number of options and fair
value were adjusted to reflect the stock splits consummated in the period.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(2)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">According to the accounting method of
predecessor cost adopted by Ambev S.A., data related to periods before 2014
related to Companhia de Bebidas das Am&#233;ricas &#8211; Ambev historical
information.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">281</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader284"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.6. Information regarding outstanding options held by
the Board of Directors and Executive Management at the end of the last fiscal
year:</FONT></B></P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 15pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2017</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 25.45pt"></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of members</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N&#186; of members receiving
    compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date</FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">04/30/08</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/09</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">08/28/09</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">08/28/09</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30/03/10</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30/03/10</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19/08/10</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30/11/10</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30/11/10</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27/06/11</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Options not qualified for exercise
      </FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Date on which they may be exercised</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Maximum term for exercise</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Weighted average exercise price</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on the last day of the fiscal
      year</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Options qualified for exercise
      </FONT></B></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">372,875</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">318,375</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">701,175</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,194,500</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">852,850</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">147,125</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">58,050</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">811,900</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">934,225</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">250,790</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Maximum term for exercise</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">04/30/18</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/19</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">08/28/19</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">08/28/19</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/20</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/20</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/20</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/20</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/20</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">04/30/18</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Weighted average exercise price</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.78</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0,00</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.99</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.99</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.81</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.81</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7.47</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.36</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.36</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.11</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on the last day of the fiscal
      year</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20.50</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21.28</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20.29</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20.29</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.47</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.47</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.81</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.44</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.44</FONT></P></TD>
    <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.36</FONT></P></TD></TR>
  <TR style="HEIGHT: 30pt">
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Fair value of the total of options on
      the last day of the fiscal year</FONT></P></TD>
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,642,910.57</FONT></P></TD>
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6,775,020.00</FONT></P></TD>
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">14,229,720.58</FONT></P></TD>
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">44,535,418.12</FONT></P></TD>
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,753,494.76</FONT></P></TD>
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,717,632.55</FONT></P></TD>
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">801,947.74</FONT></P></TD>
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,101,609.08</FONT></P></TD>
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11,623,569.08</FONT></P></TD>
    <TD style="HEIGHT: 30pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,848,915.76</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD>
    <TD style="HEIGHT: 15pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">282</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_285></A>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 9.2pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2017</FONT></B></P>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cont I</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 9.2pt"></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of members</FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N&#186; of members receiving
    compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date</FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/27/11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/27/11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10/25/11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10/25/11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/21/11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/21/11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/21/11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/12</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Options not qualified for exercise
      </FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Date on which they may be exercised</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Maximum term for exercise</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Weighted average exercise price</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on the last day of the fiscal
      year</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Options qualified for exercise
      </FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">239,295</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,594,715</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">217,965</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">32,360</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,692,005</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,032,715</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34,625</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">89,730</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">64,660</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,322,880</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Maximum term for exercise</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/19</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">08/28/19</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">08/28/19</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/20</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/21</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/21</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">04/30/18</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">08/28/19</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/30/20</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/22</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Weighted average exercise price</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.71</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.71</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.97</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.97</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.42</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.42</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.42</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.20</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on the last day of the fiscal
      year</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.70</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.81</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.61</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.61</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.58</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.58</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.90</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.90</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.90</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.64</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Fair value of the total of options on
      the last day of the fiscal year</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,799,940.18</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18,836,981.34</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,530,439.14</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">375,679.63</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19,600,900.05</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11,963,406.43</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">377,429.99</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">978,102.32</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">704,826.66</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,748,153.56</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">283</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_286></A>
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<a name="_bclHeader286"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 9.2pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2017</FONT></B></P>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cont II</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.2pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Directors</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 9.2pt"></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of members</FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N&#186; of members receiving
    compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">6</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date</FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/12</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/12</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/13</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/13</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/14</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/14</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2015</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2015</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2015</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2016</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Options not qualified for exercise
      </FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,204,633</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">491,377</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,582,208</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">677,502</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">612,965</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">785,962</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">505,918</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">684,057</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Date on which they may be exercised</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/18</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/18</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/19</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/19</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2020</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2020</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2020</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2021</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Maximum term for exercise</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/23</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/02/23</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/24</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/24</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2025</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2025</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2025</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2026</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Weighted average exercise price</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on the last day of the fiscal
      year</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.10</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.10</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.02</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.02</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.16</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.16</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11.51</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.41</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Options qualified for exercise
      </FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">499,990</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">90,960</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Maximum term for exercise</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11/30/22</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/22</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Weighted average exercise price</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.20</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.84</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on the last day of the fiscal
      year</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.64</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9.30</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Fair value of the total of options on
      the last day of the fiscal year</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,818,236.95</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">846,116.10</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">284</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader287"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colSpan=3>&nbsp;</TD>
    <TD style="HEIGHT: 1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=red face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">&nbsp;</TD></TR>
  <TR style="HEIGHT: 10.35pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.35pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2017</FONT></B></P>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cont III</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.35pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.35pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.35pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 10.35pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 10.35pt"></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of members</FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N&#186; of members receiving
    compensation</FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Grant Date</FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2016</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2017</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2017</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Options not qualified for exercise
      </FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,188,079</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">454,902</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">659,232</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,074,538</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Date on which they may be exercised</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2021</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2022</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2022</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2022</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Maximum term for exercise</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2026</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/10/2027</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2027</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/01/2027</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Weighted average exercise price</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on the last day of the fiscal
      year</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.41</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.71</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.23</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12.23</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Options qualified for exercise
      </FONT></B></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of Options</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Maximum term for exercise</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock-up Period</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Weighted average exercise price</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options on the last day of the fiscal
      year</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 1pt">
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Fair value of the total of options on
      the last day of the fiscal year</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(1) Whenever necessary, the number of options granted and
fair value were adjusted to reflect all stock splits that took place within the
relevant period.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(2) According to the accounting method of predecessor
cost adopted by the Company, </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">data related to periods before 2013 relates
to Companhia de Bebidas das Am&#233;ricas &#8211; Ambev historical information.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">285</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_288></A>
<a name="_bclPageBorder288"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader288"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.7. In relation to the options exercised and shares
transferred as share-based compensation to the Board of Directors and Board of
Officers in the last three fiscal years:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">December 31, 2017</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">13</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">8</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Options exercised</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Number of shares </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">989,925</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">849,860</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Weighted average exercise
price</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">R$ 0.78</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">R$ 7.54</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Difference between the exercise price and
      the market value of the shares resulting from the options
      exercised</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">19,983,774</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">9,079,088</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares transferred </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Number of shares transferred</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">477.306</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">142,254</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Weighted average acquisition
    price</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">14.40</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">14.40</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Difference between the acquisition price and
      the market value of the shares acquired </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,388,960</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">413,959</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">December 31, 2016</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">7</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Options exercised</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Number of shares </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2,582,100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">351,600</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Weighted average exercise
price</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">R$ 0.41</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">R$ 3.55</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Difference between the exercise price and
      the market value of the shares resulting from the options
      exercised</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">46.902.330</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5.238.260</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares transferred </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Number of shares transferred</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">487,256</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">848,540</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Weighted average acquisition
    price</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">9.17</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">9.17</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Difference between the acquisition price and
      the market value of the shares acquired </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">4,935.903</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">8,595,710</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">December 31, 2015(*)</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.25</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N&#186; of members receiving compensation
    </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Options exercised</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Number of shares </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">664,875</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2,809,625</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Weighted average exercise
price</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">R$ 9.19</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">R$ 3.90</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Difference between the exercise price and
      the market value of the shares resulting from the options
      exercised</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6,005,494</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">42,711,611</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares transferred </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Number of shares transferred</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Weighted average acquisition
    price</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Difference between the acquisition price and
      the market value of the shares acquired </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;(*) Does not include restricted share or phantom
stock information, since the guidance for including this information was
disclosed by the CVM after the end of said fiscal year.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">286</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_289></A>
<a name="_bclPageBorder289"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader289"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.8. Information required to understand the data
disclosed in items 13.5 to 13.7, including the pricing method applied to
determine the value of shares and options):</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a. </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">pricing model</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The fair value of the options granted under the Option
Plan (including the ones received by the Company under the Migration Program
described in item 13.4 above, duly adjusted) is determined based on Hull
Binomial Pricing Model.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The model is based on the core assumption that price
behavior of a share in future periods may be approached by two possible ways:
one upward and another downward. Then, a binomial tree is built in relation to
the share price. The upward and downward factors are determined based on
volatility of the share and the time frame between the steps in the tree. The
trajectories for share price are determined until maturity. In parallel, a tree
is also constructed to represent the option value for each period. The option
value is determined backwards, this is to say, it starts from the expiration of
vesting period. In the final period, the holder of the option shall decide
whether to exercise the option or not. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the case of Share Appreciation Rights, at the end of
vesting period of each lot, the number of Share Appreciation Rights shall be
converted into an amount equal to the closing price of shares or ADRs issued by
the Company and traded at B3 or NYSE, respectively, on the trading session
immediately before such term, it being certain that each Share Appreciation
Rights shall correspond to one share or ADR, as applicable.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For grants of deferred shares and grants under the Stock
Plan, the fair value corresponds to the closing price of shares or ADR traded at
B3 or NYSE, as the case may be, on the day immediately before its grant date,
and a discount may be applied under certain conditions as provided in each
program. For the programs under the Stock Plan, the shares will be granted free
of charge after the five-year grace period and provided that the participant
maintains the employment and / or statutory relationship with the Company until
the end of such term, observing the other terms of the Stock Plan and of each
program. For specific information about such programs, refer to item
13.4.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b. </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">data and assumptions used in the pricing model, including
the weighted average price of shares, the exercise price, the expected
volatility, the duration of the option, expected dividends and risk free
interest rate</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Calculation date</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to Technical Pronouncement CPC 10 &#8211; Share-Based
Payment, options must be assessed on the date of their respective
grant.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Weighted average price of shares </FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The price of the shares of the Company taken as basis to
calculate the value of the respective options is their Market Value, as defined
below. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Exercise price</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs from 2008 to 2010</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lot A and lot C options (as specified in such programs)
must be exercised for an exercise price corresponding to the average closing
prices of shares traded at B3 over a 30-day window before grant date , or, in
specific cases (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e.g.</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, to employees of subsidiaries of the Company
headquartered abroad), the average closing price of ADRs traded at NYSE in the
period (&#8220;Market Value&#8221;) under any specific provisions set forth in the Program.
For the options belonging to lot B, the exercise price is the Market Value,
applying a 10% discount.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the case of the supplementary options set forth in
said programs as belonging to lot C, the amounts corresponding to dividends and
interest on own capital effectively paid out by the Company on the </FONT><a name="page_290"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">underlying shares during the period between grant date
and exercise date is deducted from the exercise price.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">287</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_290></A>
<a name="_bclPageBorder290"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader290"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs from 2010 to 2017</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The exercise price of each option granted under the
Option Plan corresponds to the closing price, in Brazilian </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, of the Company&#8217;s shares traded on B3 in the trading
session immediately prior to the grant date.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expected volatility</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The options&#8217; expected volatility is based on historical
volatility calculated since March 29, 2004. Based on the Hull Binomial Model, it
is assumed that all employees would exercise their options immediately if the
price of the shares of the Company would reach 2.5 times the exercise price. The
Company will not use the sliding window method, in which volatility estimate is
fixed length &#8220;m&#8221; (i.e., for each daily update information from the previous day
is aggregated and the information of m+1 days ago is disregarded). To calculate
the expected volatility, the Company used the daily stock returns of the
Company. For every daily update of the calculation, information concerning that
day is added to the base and no information is disregarded. Therefore, the base
has mobile extension beginning on March 29, 2004 until the date of
calculation.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Duration of options</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs from 2008 to 2010</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to the option granting model used by the
Company, the options belonging to the lots named A and B must be immediately
exercised, since they have a duration equal to zero. The supplementary options
belonging to the lot c, in turn, have a total duration of ten years, consisting
of a five-year vesting period and a five-year exercise period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs from 2010 to 2017</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=#212121 face=inherit>Under the Option Plan, the options have a grace
period of five years from the date of grant, and the beneficiary may exercise
them within five years after the grace period ends, upon payment of the exercise
price until five business days from the exercise date, as a compensation to the
delivery of the shares, therefore, having a term of up to ten years.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expected dividends (dividends distribution
rate)</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The dividends distribution rate represents the ratio
between the dividend per share paid out over a certain period and the price of
share in the market. The </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Company</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8217;s dividend distribution rate of 5% was calculated based
on its history of dividends distribution and payment of interest on own
capital.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">However, in cases in which the options granted are
protected in terms of dividends (programs prior to 2010), meaning that the
amounts paid out as dividends and interest on own capital are deducted from
their exercise price, the Company&#8217;s dividends distribution rate is zero for
purposes of calculating the fair value of the options.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Risk-free interest rate</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The risk-free interest rates were obtained based on the
closing price of the futures contract DI1 (Future of Average Rate of One-Day
Interbank Deposits) disclosed by B3 on the respective grant dates for similar
maturity.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For illustrative purposes, the data explained in this
item &#8220;b&#8221; was the following for the options granted in the fiscal years of 2015,
2016 and 2017:</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">288</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader291"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">OPTION PRICING MODEL</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.35pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Assumptions</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2017</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Pricing Model</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Hull Binomial</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options granted</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6.51</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share price</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">19.80</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Exercise price</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">19.80</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expected volatility</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">26.7%</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vesting (years)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expected dividends</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5%</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Risk-free interest rate</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10.1%</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.35pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Assumptions</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2016</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Pricing Model</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Hull Binomial</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options granted</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">6.21</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share price</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">17.18</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Exercise price</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">17.18</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expected volatility</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">27.0%</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vesting (years)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">5</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expected dividends</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">5%</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Risk-free interest rate</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">12.4%</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.35pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Assumptions</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2015</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Pricing Model</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Hull Binomial</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of options granted</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      7.84 </FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share price</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      18.41 </FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Exercise price</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      18.41 </FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expected volatility</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">27.5%</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Vesting (years)</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      5 </FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Expected dividends</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">5%</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.35pt">
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="59%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Risk-free interest rate</FONT></P></TD>
    <TD style="HEIGHT: 11.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="41%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">15.9%</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i) Information based on the weighted average of the
programs granted,, exception made to the estimate on dividends and risk-free
interest rate </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(ii) The percentages include the stock options and ADRs
granted during the fiscal year, whereas ADRs are denominated in US Dollars.
</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c. </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">method used and assumptions made to incorporate the
expected effects of early exercise of options</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Based on the Hull Binomial Model used by the Company, it
is assumed that all the employees would exercise their options immediately if
the price of the shares issued by the Company reached 2.5 times the exercise
price.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The premise for the period in which the option will be
exercised after the expiration of the grace period is related to the behavior of
the beneficiaries of the options, which differs from individual to individual.
Ideally, measuring past behavior of participants would be a more appropriate way
to estimate future behavior, however Option Plan, which received, under the
Migration Program, the programs of Companhia de Bebidas das Americas &#8211; AmBev,
underwent significant changes, especially in relation to the protection of
dividends, relevant factor to the decision on the exercise of the
option.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Given the abovementioned situation, the Company chose to
use as a premise the average result of two studies cited by Hull himself, and
carried out by Huddart and Lang and Carpenter, who concluded that the exercise
of options in a compensation program occurred when the price of the stock issued
by the Company reached 2.8 times the exercise price, in the first study, and 2.2
times the exercise price, in the second study.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d. </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">how the expected volatility is determined</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For the 2009 option programs, the expected volatility
(approved by Companhia de Bebidas das Am&#233;ricas &#8211; Ambev and received by the
Company) is based on historical data of the last 252 days. As of the 2010
</FONT><a name="page_292"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">option programs, the expected volatility is measured
since March 2004. As explained in &#8220;c&#8221;, above, the Hull Binomial Model, adopted
by the Company, assumes that all employees would exercise their options
immediately if the price of the shares issued by the Company reached 2.5 times
the exercise price.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">289</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_292></A>
<a name="_bclPageBorder292"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader292"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e. </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">has any other characteristic of the option been
incorporated to the determination of its fair value</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other characteristics were not incorporated in the
measurement of the fair value of the options. </FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">290</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_293></A>
<a name="_bclPageBorder293"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader293"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.9</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares or quotas directly or indirectly held, in Brazil
or abroad, and other securities convertible into shares or quotas issued by the
Issuer, its direct or indirect shareholders, subsidiaries or affiliates by
members of the Board of Directors, Board of Officers and Fiscal Council, grouped
by body:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Instruments issued by Ambev &#8211; 12/31/2017</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 17pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N&#186; Shares and ADRs</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of Deferred Shares</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N&#186; Options</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">28,394,126</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,714,133</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10,181,955</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">40,290,214</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5,895,216</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,629,896</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,293,183</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20,818,295</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">7,225</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,225</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">34,296,567</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3,344,029</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">23,475,138</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">61,115,734</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Instruments issued by AB Inbev &#8211;
12/31/2017</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 17pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N&#186; Shares and ADRs</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of Deferred Shares</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N&#186; Options</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2,172,960</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">419,389</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">7,826,823</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10,419,172</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2,811,849</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">78,924</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3,658,115</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6,548,888</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="25%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="23%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">&nbsp;4,984,809</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">498,313</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11,484,938</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">16,968,060</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">291</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_294></A>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.10. In relation to pension plans in effect granted to
the members of the Board of Directors and Board of Officers:</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 9.75pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">RETIREMENT BENEFITS</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 9.75pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N&#186; of members receiving compensation </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">9</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Name of the plan</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Defined Contribution</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Defined Contribution</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of managers that are eligible to retire
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Conditions to early retirement </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">53 years of age and 11 years of plan</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">53 years of age and 11 years of
  plan</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Updated amount of contributions accrued until the
      end of the last fiscal year, after deducting the amounts corresponding to
      contributions made directly by the managers </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ 23,225,902.43</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ 5,388.969,47</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total amount of contributions made during the last
      fiscal year, after deducting the amounts corresponding to contributions
      made directly by the managers </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ 1,307,974.38</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ 854,051.67</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="31%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Possibility of and conditions to early redemption
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes, in the event of termination of employment
      contract with the Company and provided that participant is neither
      eligible to a retirement benefit under the Plan, nor elects the pro rata
      deferred benefit, the portability or self-sponsorship. The amount redeemed
      shall correspond to the contributions made by the participant
      him/herself.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1.4pt; PADDING-TOP: 1.4pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes, in the event of termination of employment
      contract with the Company and provided that participant is neither
      eligible to a retirement benefit under the Plan, nor elects the pro rata
      deferred benefit, the portability or self-sponsorship. The amount redeemed
      shall correspond to the contributions made by the participant
      him/herself.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">292</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<a name="_bclHeader295"></a><DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT><FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free translation of the original document filed with the Comiss&#227;o de Valores Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.11. Compensation of the Board of Directors, Board of Officers and Fiscal Council in the last three fiscal years:</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2017</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of Members</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Highest Individual Compensation</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lowest Individual Compensation</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Individual Compensation</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">13.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">9.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10,292,851.37</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">412,360.99</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2,162,467.67</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">412,360.99</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">206,180.50</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">309,270.83</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">14,065,113.97</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2,466,975.34</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">4,801,134.36</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2016</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of Members</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Highest Individual Compensation</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lowest Individual Compensation</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Individual Compensation</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">9.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">8,304,164.90</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">390,081.07</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,970,632.67</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">390,081.07</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">133,813.92</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">296,155.67</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">11.00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">14,930,055.45</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,217,949.83</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3,648,144.26</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2015</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of Members</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Highest Individual Compensation</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lowest Individual Compensation</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Average Individual Compensation</FONT></B></P></TD></TR>

<TR style="HEIGHT: 13.5pt">

   <TD style="HEIGHT: 13.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12.00 </FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">9.00</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10,095,576.27</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">358,109.18</FONT></P></TD>

   <TD style="HEIGHT: 13.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,518,150.89</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5.67 </FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5.67</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">421,187.76</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">179,054.54</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">295,512.35</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10.25 </FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10.25</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">21,358,583.28</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,864,211.66</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5,600,969.79</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Notes:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Board of Officers</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12/31/2017</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="85%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Includes stock-based compensation of the Company and of the Controlling Company.</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12/31/2016</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="85%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Includes stock-based compensation of the Company and of the Controlling Company.</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12/31/2015</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="85%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Includes stock-based compensation of the Company and of the Controlling Company.</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Board of Directors</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12/31/2017</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="85%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">- The average compensation of the Board of Directors presented in this item is calculating taking into account the number of members of the Board of Directors (9 members) that receive compensation from the Company for their services.</FONT></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">- Includes stock-based compensation of the Company and of the Controlling Company.</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12/31/2016</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="85%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">- The average compensation of the Board of Directors presented in this item is calculating taking into account the number of members of the Board of Directors (9 members) that receive compensation from the Company for their services.</FONT></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">- Includes stock-based compensation of the Company and of the Controlling Company.</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12/31/2015</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="85%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">- The average compensation of the Board of Directors presented in this item is calculating taking into account the number of members of the Board of Directors (9 members) that receive compensation from the Company for their services.</FONT></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">- Includes stock-based compensation of the Company and of the Controlling Company.</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">293</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
&nbsp; <A name=page_296></A>
<a name="_bclPageBorder296"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader296"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=2>
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">Fiscal
      Council</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="85%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">- It was
      considered the three full members and the three alternate members of the
      Fiscal Council.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12/31/2016</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="85%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">- It was
      considered the three full members and the three alternate members of the
      Fiscal Council.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">12/31/2015</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="85%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman">- It was
      considered the three full members and the three alternate members of the
      Fiscal Council.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">294</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_297></A>
<a name="_bclPageBorder297"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader297"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.12. Contractual arrangements, insurance policies and
other instruments structuring compensation or indemnification mechanisms for the
management in the event of dismissal from their job or retirement (including the
financial consequences to the Company):</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Concerning the civil liability insurance policies of
directors and officers (D&amp;O), there is no coverage for the events of
dismissal or retirement of managers. For more information on the insurance
policies for payment or reimbursement of expenses borne by the managers of the
Company, refer to item 12.11 of your Reference Form.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">295</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_298></A>
<a name="_bclPageBorder298"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader298"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.13. In relation to the three last fiscal years, give
the percentage of the overall compensation of each body recognized in the
earnings of the Company regarding the members of the Board of Directors, Board
of Officers and Fiscal Council that are parties related to the direct or
indirect controlling shareholders, as defined by applicable accounting rules on
the matter:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">December 31, 2017</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of Members</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Related Party&#8217;s Compensation</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total Compensation</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">%</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">690,908.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">19,462,209.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">4</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,855,625.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">52,812,478.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">690,908.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">74,130,312.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">December 31, 2016</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of Members</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Related Party&#8217;s Compensation</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total Compensation</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">%</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">780,162.14</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12,215,136.48</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,776,934.08</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">40,129,587.03</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">780,162.14</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">54,121,657.59</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">December 31, 2015</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Body</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of Members</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Related Party&#8217;s Compensation</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total Compensation</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">%</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">833,588.37</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">13,663,358.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,674,570.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">57,409,940.35</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="24%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">833,588.37</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">72,747,868.35</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">296</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_299></A>
<a name="_bclPageBorder299"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader299"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.14. Regarding the three last fiscal years, the amounts
recognized in the income statement of the Company as compensation to the members
of the Board of Directors, Board of Officers or Fiscal Council, grouped by body,
for any reason other than their position in the Company, such as, for instance,
commissions or fees for consultancy or advisory services
rendered:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">There are no amounts recognized in the Company&#8217;s results
for the last three fiscal years as compensation for members of the Board of
Directors, Executive Board or the Supervisory Board, since they do not receive
compensation from the Company for any other reason (e.g., consulting, advisory
etc.), except as a result of the exercise of their positions.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">297</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_300></A>
<a name="_bclPageBorder300"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader300"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.15. In relation to the three last fiscal years, the
amounts recognized in the income statement of direct and indirect controlling
shareholders, affiliates and subsidiaries of the Company, as compensation paid
to the members of the Board of Directors, the Board of Officers and Board of
Officers of the Company, grouped by body, specifying the reason why such amounts
were assigned to those individuals:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Year ended December 31, 2017 &#8211; Compensation
received due to the position in the issuer</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Direct and indirect shareholders </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">105,107,234.59</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6,494,841.30</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">111,602,075.89</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Companies controlled by the
issuer</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Affiliates </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Year ended December 31, 2016 &#8211; Compensation
received due to the position in the issuer</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Direct and indirect shareholders </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">56,083,356,67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">9,776,078,67</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">65,859,435,34</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Companies controlled by the
issuer</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Affiliates </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Year ended December 31, 2015 &#8211; Compensation
received due to the position in the issuer</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Council</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Direct and indirect shareholders </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">47,916,134,70</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10,768,115,39</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">58,684,250,09</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Companies controlled by the
issuer</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="20%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Affiliates </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(*)</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> Original amounts in dollar, by converted
into Brazilian </FONT><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Reais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> by the annual average rate of each fiscal
year.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">298</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader301"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13.16. Other relevant information:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As described on item 13.4 above, Company received through
the Migration Program&nbsp; certain programs approved by Companhia de Bebidas
das Am&#233;ricas &#8211; Ambev. As of 2010, Companhia de Bebidas das Am&#233;ricas &#8211; Ambev
approved stock option programs in which the exercise of the options is
immediate, however the delivery of a substantial part of the shares acquired is
subject to the maintenance of the beneficiary&#8217;s relationship with the Company
for the term of five years as of the date of exercise.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Given the Migration Program, the charts below demonstrate
the same information required for options with immediate exercise and five years
lock-up, under the Companhia de Bebidas da Am&#233;ricas &#8211; Ambev. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Information regarding deferred shares of the Board of
Directors and Board of Officers at the end of the last fiscal year.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">12/31/2017</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">7.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">8.00</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">6.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">7.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">8.00</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Grant date</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">03/28/2013</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">03/28/2013</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">03/28/2014</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">03/28/2014</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">03/30/2015</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">03/30/2015</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Number of options granted</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">146,770</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">45,500</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">183,243</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">65,283</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">40,490</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">67,668</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Number of shares transferred upon the
      exercise of options during the lock up period</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">569,897</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">192,194</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">847,109</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">278,827</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">104,943</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">261,676</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Lock up period of deferred
    shares</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">28/03/2018</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">28/03/2018</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">28/03/2019</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">28/03/2019</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">30/03/2020</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">30/03/2020</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Weighted average exercise
    price:</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">17.692</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">17.692</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">16.870</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">16.870</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">18.430</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">18.430</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of shares on exercise
    date</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10,082,617.72</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3,400,296.25</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">14,290,728.83</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">4,703,811.49</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">1,934,099.49</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">4,822,688.68</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of shares on the last day of the fiscal
      year</FONT></B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12,127,408.16</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">4,089,888.32</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">18,026,479.52</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5,933,438.56</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2,233,187.04</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">5,568,465.28</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Dilution after exercise of
options</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; </FONT></B></P></TD>
    <TD width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">12/31/2017 -&nbsp; Cont. I</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="14%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="14%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="14%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=#000000 face="times new roman"></FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="14%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=#000000 face="times new roman"></FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="14%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=#000000 face="times new roman"></FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="14%">
      <P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=#000000 face="times new roman"></FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N&#186; of members </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10.00</FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2.00</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">10.00</FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Grant date</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">03/30/2016</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">03/30/2016</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Number of options granted</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">74,248</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">225,458</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Number of shares transferred upon the
      exercise of options during the lock up period</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">192,184</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">897,199</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Lock up period of deferred
    shares</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">03/30/2021</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">03/30/2021</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Weighted average exercise
    price:</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">18.250</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">18.250</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of shares on exercise
    date</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">3,507,358.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">16,373,881.75</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fair value of shares on the last day of the fiscal
      year</FONT></B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">4,089,675,52</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">19,092,394.72</FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="16%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Dilution after exercise of
options</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD>
    <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As described in item 13.4 above, as from 2011, the Board
of Directors approved, for certain officers deemed by Management to have greater
potential, the granting of Share Appreciation Rights. Since this </FONT><a name="page_302"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">compensation modality does not include equity
instruments, it does not imply a dilution for other shareholders.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">299</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_302></A>
<a name="_bclPageBorder302"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader302"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The table below discloses the same information required
for plans that use options whose exercise is not immediate.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" color=black face="times new roman">12/31/2017</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving compensation
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">2.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Grant date</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/15/2010</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/15/2010</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/20/2012</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/20/2012</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/22/2014</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/22/2014</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Number of options granted</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">221,124</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">138,448</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">183,970</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Number of shares transferred upon the
      exercise of options during the lock up period</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">9.72</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">9.72</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">17.84</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">17.84</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">15.95</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">15.95</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Lock up period of deferred
    shares</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/15/2020</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/15/2020</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/20/2022</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/20/2022</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/22/2019</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">12/22/2019</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="25%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/2016</FONT></B></P>
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cont. I </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Board of Officers</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="25%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="25%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No. of members receiving
    compensation</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="25%">
      <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stock Options </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="25%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp; Grant date</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2014</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2014</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2015</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2015</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2015</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2015</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="25%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Number of shares for calculation of appreciation
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">183,970</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">713,091</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">713,091</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="25%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Share quotation on grant date </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.95</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.95</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2pt" vAlign=top width="25%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lock up period regarding share appreciation rights
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2024</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2024</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2020</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2020</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2025</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt" width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/22/2025</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">300</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_303></A>
<a name="_bclPageBorder303"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader303"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">14.1 &#8211;
Description of human resources</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">a)
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal" face="times new roman">E</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt; LINE-HEIGHT: normal" face="times new roman">m</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal" face="times new roman">ployees</FONT></B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On December 31, 2017, the Company had the following
employees:</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Location</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Activity </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=3 width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Production</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18,537</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Sales and Distribution</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,387</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Administration</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,987</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,911</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On December 31, 2016, the Company had the following
employees:</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Location</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Activity </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=3 width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Production</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16,963</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Sales and Distribution</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,867</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Administration</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,722</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">32,552</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On December 31, 2015, the Company had the following
employees:</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Location</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Activity </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=3 width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Production</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16,888</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Sales and Distribution</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">13,389</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Administration</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,508</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">31,785</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: normal" face="times new roman">b</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">)
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt; LINE-HEIGHT: normal" face="times new roman">Outsourced employees</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On December 31, 2017, the Company had the following
outsourced employees:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Location</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Activity</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=3 width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Production</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">12,291</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Sales and Distribution</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">17,714</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Administration</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">115</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="30%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">30,120</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On December 31, 2016, the Company had the following
outsourced employees:</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">301</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_304></A>
<a name="_bclPageBorder304"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader304"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Location</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Activity</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=3 width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Production</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">11,935</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Sales and Distribution</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">22,614</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Administration</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">115</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">34,664</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On December 31, 2015, the Company had the following
outsourced employees:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Location</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Activity</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=3 width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Brazil</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Production</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">12,304</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Sales and Distribution</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">20,731</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Administration</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">115</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="33%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">33,150</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c)
T</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">urnover</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s average turnover rates (voluntary
terminations) for the years 2015, 2016 and 2017 </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">were </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">5.52%, 4.04
and 8.23%, respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">302</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_305></A>
<a name="_bclPageBorder305"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader305"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">14.2 &#8211;
Material changes - Human resources</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable, since there have been no material changes
in relation to the numbers disclosed in item 14.1 hereof.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">303</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_306></A>
<a name="_bclPageBorder306"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader306"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">14.3 &#8211;
Description of employees&#8217; compensation policy</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">(1) Salary and Variable Compensation Policy
</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The main purpose of the Company's compensation policy is
to establish a compensation system that helps develop a high performance
culture. In this respect, the policy is to provide employees with fixed
compensation in line with the market plus variable compensation based on their
individual performance and the Company's performance, while ensuring alignment
with shareholders' interests by encouraging employees to have an "owner&#8217;s&#8221;
attitude.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Variable bonuses based on employees' performance are
calculated annually reflecting the extent to which targets set by the Company,
department or business unit, or individual targets set by the Board of
Directors, have been reached.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bonus payments are subject to a three-level system under
which the Company must initially reach efficiency targets set by the Board of
Directors. Next each business unit must reach its own targets. Finally,
employees must reach their individual targets.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For employees involved in operations, the Company has a
collective award depending on production sites and distribution centers showing
extraordinary performance. Bonus payments for distribution centers and
production sites are based on classifications of different production sites and
distribution centers.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">(2) Benefits Policy</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In addition to salary, Company employees receive
additional benefits. Some of these benefits are mandatory as required by
Brazilian law, some are governed by collective agreements and others are awarded
voluntarily by the Company. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The benefit package for the Company's employees in Brazil
is provided directly by the Company and indirectly by Funda&#231;&#227;o Zerrener, which
provides medical, dental, educational and social assistance to active and
retired company employees and their beneficiaries and covered dependents, free
of charge or at reduced cost. The Company may voluntarily contribute up to 10%
of its consolidated net income as determined by Brazilian corporate law and its
bylaws, to assist Funda&#231;&#227;o Zerrener.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company provides health plans and benefits in
accordance with local regulations for employees located at its operation sites
outside Brazil.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">(3) Characteristics</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman"> of share-based compensation plan </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">for non-management employees</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman"> </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On July 30, 2013, the Company approved at its
Extraordinary General Meeting its Option Plan, pursuant to which the high-level
employees and managers of the Company or of companies directly or indirectly
controlled by it are eligible to receive stock options or ADRs issued by the
Company. Also on July 30, 2013, Company&#8217;s Board of Directors approved the
Migration Program with the purpose of receiving the options granted but not
exercised by beneficiaries within the scope of the stock option plan of former
Companhia de Bebidas das Americas (Ambev), whose shares were merged into the
Company on the same date. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Moreover, on April 29, 2016, the Company approved at its
Annual and Extraordinary General Meeting its Stock Plan, according to which
certain employees and members of the Company&#8217;s or its direct or indirect
subsidiaries&#8217; management are eligible to receive shares from the Company,
including in the form of ADRs.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">304</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For more information on the Company&#8217;s Option Plan,
Migration Program and Stock Plan, see item 13.4 hereof.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c.i) Groups of beneficiaries:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;Senior employees and managers of the Company and
its directly or indirectly held subsidiaries.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c.ii) Conditions for exercise:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1) up to five years as of option granting date (vesting
period); 2) payment of exercise price within five business days of vesting; and
3) reaching performance targets set by the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c.iii) Exercise price:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2009 = R$3.91720</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2009.2 = R$5.35960</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2010 = R$6.95880</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2010.3 = R$9.35960</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2011.2 = R$11.9720</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2012.2 = R$17.198</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2012.3 = R$17.84</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs 2013.2 = R$17.56</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2013.3 = R$16.70</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs 2014.2 = R$16.85</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2014.3 = R$15.95</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2015.2 = R$18.64</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2015.3 = R$18.00</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2016.2 = R$17.15</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2016.3 = R$16.34</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2017.1 = R$16.89</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2017.1 = R$16.89</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2017.2 = R$17.21</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2017.4 = R$20.56</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c.iv) Exercise term:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2009 = from March 30, 2014 to March 30, 2019
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2009.2 = from August 28, 2014 to August 28, 2019
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2010 = from March 30, 2015 to March 30, 2020
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2010.3 = from November 30, 2015 to November 29,
2020 </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2011.2 = from November 30, 2016 to November 29,
2021 </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2012.2 = from November 30, 2017 to November 30,
2022 </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2012.3 = from December 20, 2017 to December 20,
2022</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs 2013.2 = from December 02, 2018 to December 02,
2023</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2013.3 = from December 19, 2018 to December 19,
2023</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programs 2014.2 = from December 03, 2019 to December 01,
2024</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2014.3 = from December 23, 2019 to December 23,
2024</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2015.2 = from December 1, 2020 to December 01,
2025</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2015.3 = from December 22, 2020 to December 22,
2025</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2016.2 = from December 1, 2021 to December 1,
2026</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2016.3 = from December 22, 2021 to December 22,
2026</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2017.1 = from December 15,2019 to December 15,
2026</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2017.1 = from February 10, 2022 to February 10,
2027</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">305</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2017.2 = from March 30, 2017 to March 30,
2022</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2017.4 = from December 1, 2022 to December 1,
2027</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c.v) Quantity of shares committed by the
plan:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2009 = 2,352,415 options </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2009.2 = 16,615,845 options </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2010 = 10,659,920 options </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2010.3 = 10,281,950 options </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2011.2 = 10,117,550 options </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2012.2 = 8,781,750 options </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2012.3 = 1,759,250 options </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2013.2 = 7,725,697 options </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2013.3 = 1,002,229 options </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2014.2 = 9,652,230 options </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2014.3 = 1,306,807 options</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2015.2 = 8,065,142 options</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2015.3 = 4,200,798 options</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programa 2016.2 = 11,756,260 options</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Programa 2016.3 = 2,922,258 options </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2017.1 = 222,005 options</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2017.1 = 454,902 options</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2017.2 = 2,494,980 options </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Program 2017.4 = 11,961,319 options</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">306</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">14.4 &#8211;
Description of relations between issuer and unions, stating whether there were
stoppages or strikes in the last 3 fiscal years</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">All the Company's employees in Brazil are represented by
labor unions but less than 5% are active members. The number of union members in
the administrative and distribution sectors is not significant. Salary
negotiations are conducted annually between the workers' unions and the Company.
Collective bargaining agreements are negotiated separately for each unit or
distribution center for one or two-year durations, and the Company normally
signs new agreements on the date of the expiration of existing ones or before
that. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company holds negotiations with unions in accordance
with local legislation for employees located at its operations in countries
other than Brazil. </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">307</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">14.5 Provide
other information the issuer deems relevant</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable, since all relevant information has been provided in other
items.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">308</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_311></A>
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<a name="_bclHeader311"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">15.1/ 15.2 &#8211; Shareholding position</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm 2pt 36pt; TEXT-INDENT: -18pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Business name</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Nationality</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Taxpayer No. (CNPJ/CPF)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Quantity of shares held</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Percentage holding</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g) Shareholders Agreement</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h) Legal representative's name and taxpayer no.
      </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i) Date last altered</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Preferred</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Preferred</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1. InterBrew International BV</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06.614.548/0001-08</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,441,956,047</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8,441,956,047</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">53.69</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">53.69</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Let&#237;cia Rudge Barbosa Kina<BR>CPF No.
      255.726.488-17</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ricardo Gon&#231;alves Melo CPF No.
      968.950.397-91</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Anheuser-Busch InBev Nederland Holding
      BV</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">402,073</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">402,073</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">05/20/2009</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">InBev Belgium S.A.</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Belgium</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,315</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10,315</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">57.30</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">57.30</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">05/13/2009</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.1.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Anheuser-Busch InBev N.V/S.A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Belgium</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,717,365</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,717,365</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/30/2010</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Anheuser-Busch InBev N.V/S.A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Belgium</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,686</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">7,686</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">42.70</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">42.70</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">05/13/2009</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">InBev Foundations</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Belgium</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,483,080</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,483,080</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.79</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.79</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/2010</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.2. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">BRC Sarl</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Luxembourg</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37,598,236</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37,598,236</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.94</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.94</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">02/09/2012</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.3. </FONT></B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Eugenie Patri Sebastian (EPS) SA</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Luxembourg</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">133,467,609</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">133,467,609</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.31</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.31</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/2010</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Stichting Anheuser-Busch InBev</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">663,074,832</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">663,074,832</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34.2904</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34.2904</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10/11/2016</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 2pt 0cm 2pt 17.85pt; TEXT-INDENT: -17.85pt"><B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.1.</FONT></B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Eugenie Patri Sebastian (EPS) SA</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Luxembourg</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">331,537,416</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">331,537,416</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/2010</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">BRC Sarl</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Luxembourg</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">331,537,416</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">331,537,416</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/2010</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">BR Global Investments Limited</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bahamas</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,434,178</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,434,178</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.36137</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0cm 2pt 17.85pt; TEXT-INDENT: -17.85pt"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">S-BR Global Investments Limited</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bahamas</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,557,832,203</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,557,832,203</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">83.63863</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Santa Erika Ltd.</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bahamas</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,640,810</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">637,730</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,278,540</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">76.3408</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">55.3448</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">309</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm 2pt 36pt; TEXT-INDENT: -18pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Business name</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Nationality</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Taxpayer No. (CNPJ/CPF)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Quantity of shares held</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Percentage holding</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g) Shareholders Agreement</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h) Legal representative's name and taxpayer no.
      </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i) Date last altered</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Preferred</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Preferred</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.1.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">INPAR Investment Fund</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">99,992</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">99,992</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.1.1.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Stichting Enable</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">188,379,030,843</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">188,379,030,843</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">99.9987</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">99.9987</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.1.1.1.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Inpar VOF</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.1.1.1.1.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Jorge Paulo Lemann</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil/Switzerland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">005.392.877-68</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">99.6</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.2. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Santa Heloisa Ltd.</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bahamas</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">820,405</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">820,405</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">25</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19.9273</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.2.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CCCHHS Holdings Ltd.</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Jersey</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49,996</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49,996</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10/25/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.2.1.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beta Holding Ltd.</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Jersey</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10/25/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.2.1.1.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Santa Carolina CV</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">87,393,284</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">87,393,284</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10/25/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.2.1.1.1.1. </FONT></B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Carlos Alberto da Veiga Sicupira</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">041.895.317-15</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.3. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Santa Paci&#234;ncia Ltd.</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bahamas</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">820,405</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">197,643</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,018,048</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">25</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">23.6593</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24.7280</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.3.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">MCMT Holding Limited</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Jersey</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49,996</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49,996</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.3.1.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Alfa T Holding Limited</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Jersey</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.3.1.1.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Santa Maria Isabel CV</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35,371,743</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35,371,743</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.1.2.4.2.2.3.1.1.1.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Marcel Herrmann Telles</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">235.839.087-91</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">. </FONT><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">AmBrew S.&#224;.r.l</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Luxembourg</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06.250.266/0001-79</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,285,261,445</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,285,261,445</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.17</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.17</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Let&#237;cia Rudge Barbosa Kina CPF No
      255.726.488-17</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ricardo Gon&#231;alves Melo CPF No.
      968.950.397-91</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/07/2017</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Anheuser-Busch InBev N.V/S.A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Belgium</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,717,365</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,717,365</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/15/2010</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">310</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_313></A>
<a name="_bclPageBorder313"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader313"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm 2pt 36pt; TEXT-INDENT: -18pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Business name</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Nationality</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Taxpayer No. (CNPJ/CPF)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Quantity of shares held</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Percentage holding</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g) Shareholders Agreement</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h) Legal representative's name and taxpayer no.
      </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i) Date last altered</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Preferred</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Preferred</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">InBev Foundations</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Belgium</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,483,080</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,483,080</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.79</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.79</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/2010</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.2. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">BRC Sarl</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Luxembourg</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37,598,236</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">37,598,236</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.94</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1.94</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10/11/2016</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.2.</FONT></B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Eugenie Patri Sebastian (EPS) SA</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Luxembourg</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">133,467,609</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">133,467,609</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.31</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">8.31</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/2010</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Stichting Anheuser-Busch InBev</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">663,074,832</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">663,074,832</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34.2904</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">34.2904</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10/11/2016</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.1.</FONT></B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Eugenie Patri Sebastian (EPS) SA</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Luxembourg</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">331,537,416</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">331,537,416</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/2010</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> BRC Sarl</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Luxembourg</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">331,537,416</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">331,537,416</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/20/2010</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> BR Global Investiments Limited</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bahamas</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,434,178</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">30,434,178</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.36137</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> S-BR Global Investments Limited</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bahamas</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">155,578,322</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">155,578,322</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">83.63863</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Santa Erika Ltd.</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bahamas</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,640,810</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">637,730</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2,278,540</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">50</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">76.3408</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">55.3448</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.1.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> INPAR Investment Fund</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">99,992</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">99,992</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.1.1.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Stichting Enable</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">188,379,030,843</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">188,379,030,843</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">99.9987</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">99.9987</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.1.1.1.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Inpar VOF</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.1.1.1.1.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Jorge Paulo Lemann</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil/Switzerland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">005.392.877-68</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">99.6</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.2.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Santa Heloisa Ltd.</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bahamas</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">820,405</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">820,405</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">25</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19.9273</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.2.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">CCCHHS Holdings Ltd.</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Jersey</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49,996</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49,996</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10/25/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.2.1.1. </FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Beta Holding Ltd.</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Jersey</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10/25/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.2.1.1.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Santa Carolina CV</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49,996</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49,996</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.2.1.1.1.1.</FONT></B><FONT style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Carlos Alberto da Veiga Sicupira </FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">041.895.317-15</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.3.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Santa Paci&#234;ncia Ltd.</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bahamas</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">820,405</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">197,643</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,018,048</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">25</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">23.6593</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">24.7280</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.3.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> MCMT Holding Limited</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Jersey</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49,996</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">49,996</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.3.1.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Alfa T Holding Limited</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Jersey</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">311</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_314></A>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=center>&nbsp;</DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm 2pt 36pt; TEXT-INDENT: -18pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Business name</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Nationality</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Taxpayer No. (CNPJ/CPF)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Quantity of shares held</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Percentage holding</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g) Shareholders Agreement</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h) Legal representative's name and taxpayer no.
      </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i) Date last altered</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Preferred</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Preferred</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: silver; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.3.1.1.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Santa Maria Isabel CV</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Holland</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35,371,743</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">35,371,743</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">2.1.4.2.2.3.1.1.1.1.</FONT></B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Marcel Herrmann Telles </FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">235.839.087-91</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">100</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/20/2017</FONT></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">3. FAHZ</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Brazil</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">60.480.480/0001-67</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,605,713,901</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1,605,713,901</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.21</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">10.21</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Yes</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">08/31/2017</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4. Other</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,384,091,427</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">4,384,091,427</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27.90</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">27.90</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/26/2018</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5. Treasury</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,124,491</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">5,124,491</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.03</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">0.03</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/26/2018</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 17pt">
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt" width="21%">
      <P style="MARGIN: 2pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Total</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,722,147,311</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">-</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,722,147,311</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 2pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">N/A</FONT></B></P></TD>
    <TD style="HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">312</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">15.3- Capital
Distribution </FONT></B></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 24.7pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 24.7pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="63%">
      <P style="MARGIN: 0cm 0cm 0pt 9.45pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
      last meeting/Date of last alteration</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 24.7pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="37%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">April 27, 2018</FONT></P></TD></TR>
  <TR style="HEIGHT: 24.7pt">
    <TD style="HEIGHT: 24.7pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="63%">
      <P style="MARGIN: 0cm 0cm 0pt 9.45pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number
      of individual shareholders (Units)</FONT></P></TD>
    <TD style="HEIGHT: 24.7pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="37%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">53,593</FONT></P></TD></TR>
  <TR style="HEIGHT: 24.7pt">
    <TD style="HEIGHT: 24.7pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="63%">
      <P style="MARGIN: 0cm 0cm 0pt 9.45pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number
      of corporate shareholders (Units)</FONT></P></TD>
    <TD style="HEIGHT: 24.7pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="37%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">1,943</FONT></P></TD></TR>
  <TR style="HEIGHT: 24.7pt">
    <TD style="HEIGHT: 24.7pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="63%">
      <P style="MARGIN: 0cm 0cm 0pt 9.45pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number
      of institutional investors (Units)</FONT></P></TD>
    <TD style="HEIGHT: 24.7pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="37%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">833</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Outstanding
Shares</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Outstanding
shares corresponding to all of the issuer's shares except those held by the
controlling shareholder, its related persons, the issuer's directors and shares
held in treasury </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">On April 27,
2018</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 25.2pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 25.2pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="52%">
      <P style="MARGIN: 0cm 0cm 0pt 9.45pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity
      of common shares (Units)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 25.2pt; BORDER-RIGHT: black 1pt dashed; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">4, 347,501,920</FONT></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 25.2pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">27.65%</FONT></P></TD></TR>
  <TR style="HEIGHT: 18pt">
    <TD style="HEIGHT: 18pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="52%">
      <P style="MARGIN: 0cm 0cm 0pt 9.45pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;Quantity of preference shares
      (Units)</FONT></B></P></TD>
    <TD style="HEIGHT: 18pt; BORDER-RIGHT: black 1pt dashed; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT></P></TD>
    <TD style="HEIGHT: 18pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT></P></TD></TR>
  <TR style="HEIGHT: 24.35pt">
    <TD style="HEIGHT: 24.35pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #bfbfbf; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="52%">
      <P style="MARGIN: 0cm 0cm 0pt 9.45pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total</FONT></B></P></TD>
    <TD style="HEIGHT: 24.35pt; BORDER-RIGHT: black 1pt dashed; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">4, 347,501,92022</FONT></P></TD>
    <TD style="HEIGHT: 24.35pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="23%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">27.65%</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">313</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_316></A>
<a name="_bclPageBorder316"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader316"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">15.4 &#8211;
Ownership structure</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ownership structure at December 31,
2017</FONT></U></I></B></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt" align=center><IMG border=0 src="pg316a.gif" align=middle></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">314</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_315></A>
<a name="_bclPageBorder317"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader317"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Legend:</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">* BRC issued different share classes representing
different investments made by BRC in other companies. Together, S-BR Global and
BR Global are holders of all shares of the class representing the investment of
BRC in Anheuser-Busch InBev SA/NV.</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">** S-BR Global is holder of 100% of the voting shares
issued by BR Global.</FONT></I></P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">315</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_316></A>
<a name="_bclPageBorder318"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader318"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><I><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ownership structure at April 30,
2018</FONT></U></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><IMG border=0 src="pg318a.gif" align=middle>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">316</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_317></A>
<a name="_bclPageBorder319"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader319"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.5 &#8211; Regarding any shareholders&#8217; agreement filed at the
issuer&#8217;s head office, or to which the controlling shareholder is a party, and
regulating the exercise of voting rights or the transfer of shares issued by the
issuer, please inform:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">1) Shareholders Agreement in force until
2019</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">a) Parties</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The shareholders&#8217; agreement was entered into by Funda&#231;&#227;o
Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia, InterBrew
International B.V., and AmBrew S.A.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">b) Execution date</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The shareholders&#8217; agreement was executed on April 16,
2013. The Shareholders&#8217; Agreement became effective on July 30, 2013, on the date
of approval of the Merger of Shares, as described in item 10.3 above.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">c) Term of effectiveness</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s shareholders&#8217; agreement shall remain in
force until July 1, 2019.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">d) Exercise of voting rights/control </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Regarding matters submitted to voting by the shareholders
or their representatives on the board of directors of the Company or its
subsidiaries, Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de
Benefic&#234;ncia, AmBrew S.A., and InterBrew International B.V. shall make efforts
to (i) reach a consensus regarding the exercise of their voting rights in the
Company and its subsidiaries, and (ii) agree on how to guide their
representatives to vote on the matters in question. The Company&#8217;s shareholders&#8217;
agreement provides that the parties shall hold a preliminary meeting before any
general meeting or meeting of board of directors of the Company or its
subsidiaries, to discuss and determine a consensus to be adopted by the parties
in such meetings.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">If the parties do not reach a consensus on a particular
issue, the position to be adopted by all parties to the agreement shall be
determined by the shareholder or group of shareholders holding the largest
number of Company shares with voting right, currently consisting of AmBrew S.A.
and InterBrew International B.V. This rule is not applicable in the case of (i)
election of members of the board of directors, which shall follow the specific
election rule described below, and (ii) voting of issues requiring unanimous
approval by Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de
Benefic&#234;ncia, AmBrew S.A., and InterBrew International B.V. The issues requiring
unanimous approval are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
any change in the articles of incorporation of the Company and/or any of its
subsidiaries, modifying: (i) the corporate purpose, (ii) the term, and/or (iii)
the composition, powers and duties of administrative bodies;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
approval of the annual investment budget for the Company and/or any of its
subsidiaries when the investment amount exceeds 8.7% of the Company&#8217;s net sales
estimated for the same fiscal year;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the Company CEO&#8217;s appointment, removal, or replacement;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
approval or amendment to the remuneration policy for the board of directors and
management of the Company and its subsidiaries;</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">317</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_318></A>
<a name="_bclPageBorder320"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader320"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
approval of stock option plans for the management and employees of the Company
and/or its subsidiaries;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
amendment to the statutory dividend policy for the Company and/or its
subsidiaries;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
capital increases for the Company and/or any of its subsidiaries, with or
without preemptive rights, by subscription, creation of a new class of shares or
changes in the character of existing shares, as well as capital reduction,
issuance of debentures, convertible or not into shares, warrants, and creation
of founder&#8217;s shares by the Company and/or any of its subsidiaries, except when
such legal transactions are carried out between the Company and its subsidiaries
or between subsidiaries;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
consolidations, spin-offs, conversions, mergers, acquisitions, and divestitures
involving the Company and/or any of its subsidiaries, in the latter case (i)
when it involves a company that is not controlled, directly or indirectly, by
the Company and (ii) provided that it results in the reduction of the average
dividends paid by the Company in the 5 immediately preceding years, adjusted by
the IGP-M variation, as calculated by Funda&#231;&#227;o Getulio Vargas from the date of
each payment;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
creation, acquisition, assignment, transfer, placement of encumbrances and/or
disposition, in any type or form, of shares, membership interests, and/or any
securities issued by any subsidiary, except to the Company itself and/or other
subsidiary;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
contracting, by the Company and/or any of its subsidiaries, of a borrowing
operation resulting in a debt/shareholders&#8217; equity ratio greater than
1.5;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
execution, amendment, termination, renewal or cancellation of any contracts,
agreements or similar instruments involving trademarks registered or deposited
on behalf of the Company or its subsidiaries;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
providing loans and guarantees of any kind by the Company and/or any of its
subsidiaries, in excess of 1% of the Company&#8217;s shareholders&#8217; equity as shown in
the last audited balance sheet, to any third party, except on behalf of: (i)
employees of the Company and its subsidiaries; (ii) the subsidiaries
themselves;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
election of committee members for the Company&#8217;s board of directors;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
cancellation of the Company&#8217;s and/or any of its subsidiaries&#8217; publicly traded
company registration;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
filing for court-supervised reorganization or adjudication of bankruptcy by the
Company and/or any of its subsidiaries;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
liquidation or dissolution of the Company and/or any of its subsidiaries;
and</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
appointment of external auditors for the Company and/or its
subsidiaries.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s shareholders&#8217; agreement provides that,
whenever the parties fail to reach a consensus in a preliminary meeting on any
of the matters listed above, they shall exercise their voting rights to reject
such matter. The Company&#8217;s shareholders&#8217; agreement shall provide that any vote
by Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia,
AmBrew S.A., and InterBrew International B.V., or by any member of the Company&#8217;s
board of directors appointed by each of them, in violation of its provisions
shall be null, void, and ineffective.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">318</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_319></A>
<a name="_bclPageBorder321"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader321"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">e) Description of sections related to the appointment of
management or statutory committee members or of those who shall hold managerial
positions</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Although each Company common share grants the
shareholders the right to one vote in the election of the Company&#8217;s board of
directors, Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de
Benefic&#234;ncia, AmBrew S.A., and InterBrew International B.V. shall be entitled to
elect the majority of Company&#8217;s directors. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s shareholders&#8217; agreement provides that each
party&#8212;Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia,
AmBrew S.A., and InterBrew International B.V.&#8212;shall be represented on the board
of directors of the Company and of its subsidiaries, and in addition to the
members and their alternates, they shall be entitled to appoint up to two
observers each, to attend the Company&#8217;s board of directors meetings, without
voting rights. The board of directors of the Company and its subsidiaries shall
be composed of at least three and no more than 15 effective members and the same
number of alternates, with a three-year term, with reelection
allowed.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional
de Benefic&#234;ncia shall have the right to appoint four directors and their
respective alternates to the board of directors of the Company and its
subsidiaries, provided it remains the holder of a certain minimum number of
Company shares. Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de
Benefic&#234;ncia shall not be allowed to appoint more than four directors, even if
its interest in the Company&#8217;s capital increases in relation to the minimum
interest it held at the agreement execution date. AmBrew S.A. and InterBrew
International B.V. may appoint members and their substitutes to the board of
directors of the Company and its subsidiaries, proportionally to the number of
members appointed by Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de
Benefic&#234;ncia. Such proportion is based on the relationship between the Funda&#231;&#227;o
Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia interest and the
joint interest AmBrew S.A. and InterBrew International B.V. will have in the
Company&#8217;s voting stock.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The shareholders&#8217; agreement provides that the Company
will have two co-chairs on the board of directors, with equal rights and duties,
one of them appointed by Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o
Nacional de Benefic&#234;ncia and the other jointly appointed by AmBrew S.A. and
InterBrew International B.V. In the event of a deadlock, neither co-chair shall
have the casting vote on matters submitted to the Company&#8217;s board of
directors.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Each party may remove the director appointed by it to the
board of directors of the Company or its subsidiaries, and shall also have the
right to appoint its respective alternate or a new alternate, should the
originally appointed alternate be confirmed for the open position.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s shareholders&#8217; agreement provides that
shareholders may, by consensus, determine the creation of committees within the
Company&#8217;s board of directors, with the purpose of analyzing specific matters,
when such analysis requires that their members have specific expertise, with the
Compliance Antitrust and Related Parties Committee and the Operations, Finance,
and Compensation Committee being set up immediately.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The election of the members of the committees of the
board of directors indicated above shall depend on the unanimous approval by
Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia, AmBrew
S.A., and InterBrew International B.V.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">f) Transfer of shares and preemptive
rights</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The shareholders&#8217; agreement contains the following
provisions concerning the transfer of Company&#8217;s shares related to the
agreement:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">319</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_320></A>
<a name="_bclPageBorder322"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader322"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional
de Benefic&#234;ncia, AmBrew S.A., and InterBrew International B.V. have agreed (i)
not to dispose, directly or indirectly, of their shares in private trading, on a
stock exchange or the OTC market, including under public, voluntary, or
mandatory offers, except for any transfers allowed by the shareholders&#8217;
agreement during its term, and (ii) not to place any kind of encumbrance on
their shares, without the prior written consent of AmBrew S.A. and InterBrew
International B.V., in the case of Funda&#231;&#227;o Antonio e Helena Zerrenner
Institui&#231;&#227;o Nacional de Benefic&#234;ncia, and vice versa.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">In case the shares owned by any of the shareholders come
to be under provisional attachment, sequestration, judicial levy, or any other
constraining measure, and if such constraint on the shares is not raised within
30 days from its effective date, this fact shall be informed by the holder of
the shares under constraining measure to the other shareholder by a notice, with
a copy to the two co-chairs of the Company&#8217;s board of directors, and such notice
shall be regarded as an offer to sell the constrained shares to the other
shareholder. Regardless of the above notice, if the other shareholder comes to
know about the constraining measure, this shall also be considered as an offer
to sell the shares under the constraining measure, effective within 30 days from
the effective date of the constraining measure, as long as such shares are not
released from such constraining measure by that date. Such offer shall remain
valid for 30 days, and the Company&#8217;s share price shall be the lower of (i) the
share book value, as per the last audited balance sheet, with such value
adjusted by the IGP-M or any index that replaces it, from the date of such
audited balance sheet until the date of application for the raising of the
constraining measure; and (ii) the share price quoted on the stock exchange,
taking the weighted average of the 20 trading days preceding the date of
application for the raising of the constraining measure, on which the shares
have been traded (given that, if such shares have not been traded in at least
half of these trading days, the timeframe shall be extended to 40 trading days;
if they still have not been traded in half or more of these trading days, this
procedure will be applied successively). The value that eventually remains, if
any, shall be paid to the shareholder with constrained shares. However, if the
obligations secured by the judicial constraining measure exceed the price above,
the shareholder with constrained shares shall be held liable, to the other
shareholder, for the difference in the amount that the other shareholder may
have to deposit to purchase the shares.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">If Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o
Nacional de Benefic&#234;ncia, on the one side, and AmBrew S.A. and InterBrew
International B.V., on the other side, intend to dispose of subscription rights
relating to Company issued shares they hold, such party shall first offer those
rights to the other party, which then can choose to acquire the preemptive right
to subscribe for new shares to be issued, within 10 days. If the shareholder
that receives the offer chooses not to acquire such preemptive right offered, or
does not respond by the deadline, the shareholder that offered such preemptive
right may dispose of it to third parties, which shall have another 10 days to
complete the disposition in question.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The shareholders&#8217; agreement provides that, if the
mechanisms described above are not observed, in the event of (i) transfers of
shares or subscription rights or (ii) placement of encumbrances on the Company&#8217;s
shares, such transfer or placement of encumbrance shall be considered null,
void, and ineffective, and such event shall not be recorded in the Company&#8217;s
statutory books.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">g) Description of clauses restricting or binding the
voting rights of members of the board of directors or other inspection and
control bodies.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">As mentioned in item &#8220;d&#8221; above, Funda&#231;&#227;o Antonio e Helena
Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia, AmBrew S.A., and InterBrew
International B.V. undertake to exercise their voting rights at the Company&#8217;s
shareholders&#8217; meetings, and to have their representatives in the board of
directors of the Company and each of the Company&#8217;s subsidiaries exercise their
voting rights, always in line with the prevailing guidance about the subject
matter, as approved in any preliminary meeting held, and in this case, as a
block vote with the other shareholder.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">320</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_321></A>
<a name="_bclPageBorder323"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader323"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Notwithstanding the foregoing, the decisions of a
previous meeting shall not bind the vote of the shareholders, or of members
appointed by them to the board of directors of the Company or any of its
subsidiaries, in matters related to:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">taking accounts of the management of the Company and of
any of its subsidiaries;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">examination, discussion, and resolution on the management
report and financial statements of the Company and any of its
subsidiaries;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">cases defined as abuse of power, as provided for in
Article 117, par. 1, of Law No. 6404/76; and</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">practices inherent to the diligence and loyalty duties
and other management duties, as laid down in Articles 153 to 158 of Law No.
6404/76.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">2) Shareholders&#8217; Agreement to be in effect as from 2019
(&#8220;</FONT></I></B><B><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">New Shareholders&#8217; Agreement</FONT></U></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8221;) </FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The new shareholders&#8217; agreement entered into by AmBrew
S.A., InterBrew International B.V., and Funda&#231;&#227;o Antonio e Helena Zerrenner
Institui&#231;&#227;o Nacional de Benefic&#234;ncia (the &#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Parties</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&#8221;) on April 16, 2013, is expected to become effective on
July 2, 2019. The effectiveness of the New Shareholders&#8217; Agreement was subject
to the approval of the merger of shares, announced on July 30, 2013, as provided
for in this Reference Form, being conditional on the ownership by Funda&#231;&#227;o
Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia of 1,501,432,405
shares issued by the Company (this quantity being adjusted for bonuses, stock
splits and reverse splits of shares). The New Shareholders&#8217; Agreement governs,
among other matters, the exercise of voting rights arising from the ownership of
Company shares, as well as the exercise by the Company of voting rights as a
result of the ownership of shares or quotas representing stock in subsidiaries.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The Parties</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The New Shareholders&#8217; Agreement was entered into by
AmBrew S.A., InterBrew International B.V. and Funda&#231;&#227;o Antonio e Helena
Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia.&#8221;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Signing Date</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The New Shareholders&#8217; Agreement was entered into on April
16, 2013. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Term of effectiveness</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Provided that the above requirement is met, the New
Shareholders&#8217; Agreement will be effective as from July 2, 2019, remaining in
force as long as Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de
Benefic&#234;ncia is the owner of 1,501,432,405 shares issued by the Company (this
quantity being adjusted for bonuses, stock splits and reverse splits of shares).
However, Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de
Benefic&#234;ncia may rescind the New Shareholders&#8217; Agreement at any time.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">d)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Exercise of voting rights and controlling
power</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">As provided for in the New Shareholders&#8217; Agreement, the
Parties must organize a meeting previously to the annual shareholders&#8217; meeting
or meeting of the Board of Directors of the Company or its subsidiaries, in
order to discuss and establish a consensus among the Parties during these
meetings.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">321</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_322></A>
<a name="_bclPageBorder324"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader324"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">In the absence of consensus by the parties regarding a
particular subject, the shareholder with the greatest number of voting shares in
the Company will resolve on the decision to be adopted by all Parties to the New
Shareholders&#8217; Agreement. This provision will not be applicable to decisions
regarding the following matters: (i) election of the members of the Board of
Directors or members of the committees established by this Board, in compliance
with the specific election rule described below; and (ii) voting on the subjects
below, which require the unanimous approval of the Parties: (a) changes in the
Company&#8217;s bylaws and/or the bylaws of its subsidiaries intended to modify: (x)
the corporate purpose, in order to interrupt the production, trading and
distribution of beverages; (w) the form of allocation of income for each fiscal
year, in accordance with the Company's bylaws and the equivalent provisions set
forth in the bylaws of subsidiaries that are sponsors of the Funda&#231;&#227;o Antonio e
Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia; (y) the minimum mandatory
dividends of 40% of the Company&#8217;s net income; and/or (z) any other provision
that may affect the rights of the Funda&#231;&#227;o Antonio e Helena Zerrenner
Institui&#231;&#227;o Nacional de Benefic&#234;ncia, under the terms of the New Shareholders&#8217;
Agreement; and (b) the transformation of the Company into another type of
corporation.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">e)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Description of sections related to the appointment of
managers or members of statutory committees or those who shall hold managerial
positions</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o
Nacional de Benefic&#234;ncia shall be entitled to elect two permanent members and
their alternates on the Company's Board of Directors, as long as the foundation
maintains the ownership of 1,501,432,405 shares issued by the Company (this
quantity being adjusted by bonuses, stock splits or reverse splits of
shares).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">One of the members of the Board of Directors appointed by
the Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia
shall be entitled to participate, as observer, in the Operations, Finance and
Remuneration Committee and the Compliance Antitrust and Related Parties
Committee of the Company, as well as in any other committee to be created by the
Board of Directors. Additionally, the Parties to the New Shareholders&#8217; Agreement
undertake to use their best efforts to enable the said observer to attend
meetings of the Fiscal Council, when and if installed. The Funda&#231;&#227;o Antonio e
Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia may remove the directors
it has appointed to the Board of Directors, being also entitled to appoint their
alternates or new alternates, if the alternate originally appointed is confirmed
for the vacant position. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The above rules relating to the Company's management, and
provided for in the New Shareholders&#8217; Agreement, are not applicable to
management bodies of the Company's subsidiaries. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">f)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Share transfer and preemptive rights</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The New Shareholders&#8217; Agreement provides that, upon the
occurrence of any of the events indicated below, the shares thus transferred
will still be bound by the New Shareholders&#8217; Agreement, and the new buyer must
subscribe to the New Shareholders&#8217; Agreement, for the transfer under
consideration to be effective: (i) sale of Company shares by AmBrew S.A. and/or
InterBrew International B.V., resulting in the reduction of these shareholders&#8217;
joint interest to less than 50% plus one share of the Company&#8217;s voting capital;
and/or (ii) sale of Company shares by Funda&#231;&#227;o Antonio e Helena Zerrenner
Institui&#231;&#227;o Nacional de Benefic&#234;ncia, in a single operation to a single buyer,
in a sole block representing a certain minimum number of shares issued by the
Company, in compliance with the procedure for sale of shares by Funda&#231;&#227;o Antonio
e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia described
below.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The New Shareholders&#8217; Agreement also provides that
Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia may, at
any time, delink Company shares held by them from the New Shareholders&#8217;
Agreement to sell them on a stock exchange or organized over-the-counter market,
as long as: (i) the Funda&#231;&#227;o maintains a certain minimum number of the Company
shares bound by the </FONT><a name="page_325"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">New Shareholders&#8217; Agreement, and (ii) it observes the
procedure to sell the shares described below.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">322</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_323></A>
<a name="_bclPageBorder325"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader325"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">If Funda&#231;&#227;o Antonio e Helena Zerrenner Institui&#231;&#227;o
Nacional de Benefic&#234;ncia intends to sell Company shares which it owns, or delink
them from the New Shareholders&#8217; Agreement, on the terms indicated above, it
shall tender the shares under consideration to other parties of the New
Shareholders&#8217; Meeting for the weighted average price of the Company shares over
the past 20 trading sessions immediately preceding the date of offer on the
stock exchange where these shares are most traded (or, in the absence of trading
in these shares, in at least half of these trading sessions, over the past 40
trading sessions immediately preceding the date of offer). The tendered parties
shall have five days from the date of the first offer to accept or refuse the
offer. In the event the offer is expressly or unconditionally rejected (or the
tendered parties fail to pay the price promptly), Funda&#231;&#227;o Antonio e Helena
Zerrenner Institui&#231;&#227;o Nacional de Benefic&#234;ncia shall have 10 days to conclude
the sale of shares to a third party or delink them from the New Shareholders&#8217;
Agreement to sell them on a stock exchange or organized over-the-counter market,
as of the end of five-day term mentioned above.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">g)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Description of clauses restricting or binding the voting
rights of members of the board of directors and other inspection and control
bodies</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">The New Shareholders&#8217; Agreement provides that all Company
shareholder that are parties to the agreement undertake to exercise their voting
rights at the Company&#8217;s shareholders&#8217; meetings, and to instruct their
representatives on the Company&#8217;s board of directors and those of its
subsidiaries to act and vote in these corporate bodies, so as always to ensure
compliance with the basic principles and other terms of the New Shareholders&#8217;
Agreement, forbidding any act not fully in compliance with the New Shareholders&#8217;
Agreement.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">Notwithstanding the foregoing, the resolutions at
preliminary meetings do not bind the shareholders&#8217; vote, or that of members
appointed by them to the Company&#8217;s board of directors or those of its
subsidiaries, in matters related to:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">analysis of the Company&#8217;s Management accounts and those
of any of its subsidiaries;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">analysis, discussion and resolution on the Management
report and the financial statements of the Company and any of its
subsidiaries;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">cases characterized as abusive exercise of power,
provided for in Article 117, Paragraph 1 of Law No. 6404/76; and</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">practices inherent to the duty of diligence and loyalty
and other Management duties set forth in Articles 153 to 158 of Law No.
6404/76.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">323</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_324></A>
<a name="_bclPageBorder326"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader326"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.6 &#8211; Material changes in equity interests held by
members of the controlling group and by the issuer&#8217;s management</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On June 17, 2013, the contribution to the Company&#8217;s
capital of all the shares issued by Companhia de Bebidas das Am&#233;ricas &#8211; Ambev
owned by Anheuser-Busch InBev N.V/S.A., held through InterBrew International
B.V. and AmBrew S.A., was approved. Accordingly, InterBrew International B.V.
increased its interest in the Company&#8217;s capital, while Ambrew S.A. is now a
shareholder of the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On July 30, 2013, the incorporation by the Company of all
the shares issued by Companhia de Bebidas das Am&#233;ricas &#8211; Ambev and not
previously owned by the Company was approved. As a result of this share merger,
Companhia de Bebidas das Am&#233;ricas &#8211; Ambev is now a wholly-owned subsidiary of
the Company and the former shareholders of Companhia de Bebidas das Am&#233;ricas &#8211;
Ambev now hold the same percentage of shares in the Company as they previously
held in Companhia de Bebidas das Am&#233;ricas &#8211; Ambev.</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">324</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_325></A>
<a name="_bclPageBorder327"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader327"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.7 &#8211; Main Corporate Transactions</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 29.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">a</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">)
      E</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 110%" face="times new roman">ve</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">n</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">t</FONT></I></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Corporate Restructuring of Companhia de Bebidas das
      Am&#233;ricas &#8211; Ambev</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">b) Main Business Conditions</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">On
      December 7, 2012, Companhia de Bebidas das Am&#233;ricas &#8211; Ambev announced its
      intention of proposing to its shareholders a corporate restructuring aimed
      at changing its ownership structure, with two types of shares (common and
      preferred), to a structure with a single type of common share, to
      streamline the ownership structure and improve Companhia de Bebidas das
      Am&#233;ricas &#8211; Ambev&#8217;s governance, with a view to increasing share liquidity
      and enhance flexibility in order to manage its capital structure. The
      proposal submitted to shareholders of Companhia de Bebidas das Am&#233;ricas &#8211;
      Ambev, in a Material Fact released on May 10, 2013, estimated that the
      corporate restructuring would take place by means of the Company&#8217;s
      incorporation of all the shares issued by Companhia de Bebidas das
      Am&#233;ricas &#8211; Ambev not owned by the incorporator, pursuant to the Brazilian
      Company law (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Share
      Merger</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">&#8221;);
      whereby all the shares issued and outstanding of Companhia de Bebidas das
      Am&#233;ricas &#8211; Ambev, including the shares in the form of American Depositary
      Receipts (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">ADRs</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">&#8221;),
      except for the shares and ADRs of Companhia de Bebidas das Am&#233;ricas &#8211;
      Ambev held by the Company, should be exchanged for common shares and ADRs
      issued by the Company. In view of the Share Merger, each share issued by
      Companhia de Bebidas das Am&#233;ricas &#8211; Ambev, common or preferred share or
      ADR representing a common or preferred share of Companhia de Bebidas das
      Am&#233;ricas &#8211; Ambev, would entitle its holder to receive five common shares
      of the Company or five ADRs of the Company, as applicable.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">On May
      10, 2013, meetings of the board of directors and fiscal council of
      Companhia de Bebidas das Am&#233;ricas &#8211; Ambev and of the Company&#8217;s board of
      directors were held, at which these bodies approved the proposal for the
      Share Merger, pursuant to the Protocol and Justification for the Merger of
      Shares Issued by Companhia de Bebidas das Am&#233;ricas &#8211; Ambev with Ambev
      S.A.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">As a
      preliminary step to the Share Merger, on June 17, 2013, all the shares
      issued by Companhia de Bebidas das Am&#233;ricas &#8211; Ambev owned by
      Anheuser-Busch InBev N.V/S.A., held through InterBrew International B.V.
      and AmBrew S.A., were transferred to the Company as a capital
      contribution. Accordingly, the Company now holds 1,301,670,110 common
      shares and 637,049,453 preferred shares issued by Companhia de Bebidas das
      Am&#233;ricas &#8211; Ambev, and is now its parent company. This contribution did not
      have any effect on the exchange ratio proposed in the Share Merger or
      cause dilution for Companhia de Bebidas das Am&#233;ricas &#8211; Ambev&#8217;s
      shareholders.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">On July
      30, 2013, extraordinary shareholders&#8217; meetings of Companhia de Bebidas das
      Am&#233;ricas &#8211; Ambev and of the Company approved, amongst other issues, the
      Protocol and Justification for the Merger of Shares Issued by Companhia de
      Bebidas das Am&#233;ricas &#8211; Ambev with Ambev S.A., the share valuation report
      and the Share Merger, as well as the increase of the Company&#8217;s capital
      stock subscribed by the managers of Companhia de Bebidas das Am&#233;ricas -
      Ambev and fully paid by means of transfer of all the shares issued by
      Companhia de Bebidas das Am&#233;ricas &#8211; Ambev, excluding those owned by the
      Company.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">As a
      result of Share Merger, Companhia de Bebidas das Am&#233;ricas &#8211; Ambev became a
      wholly-owned subsidiary of the Company and former shareholders of
      Companhia de Bebidas das Am&#233;ricas &#8211; Ambev now hold the same percentage of
      shares in the Company as they previously held in Companhia de Bebidas das
      Am&#233;ricas &#8211; Ambev.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">325</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_326></A>
<a name="_bclPageBorder328"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader328"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=center></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">c) Companies Involved </FONT></I></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Companhia de Bebidas das Am&#233;ricas &#8211; Ambev, Ambev
      S.A., AmBrew S.A., InterBrew International B.V. and Anheuser-Busch InBev
      N.V/S.A.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">d) Effects of the Operation on the Ownership
      Structure especially on the interests of the Controlling Shareholder,
      Shareholders with more than 5% of the Company's Capital Stock and the
      Company's Management</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">After
      the capital contribution, the Company now holds 74.0432% of the voting
      capital and 61.8818% of the total capital of Companhia de Bebidas das
      Am&#233;ricas &#8211; Ambev. In addition, AmBrew S.A. now holds 13.03% of the
      Company&#8217;s capital stock.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">After
      the Share Merger, Companhia de Bebidas das Am&#233;ricas &#8211; Ambev now is a
      wholly-owned subsidiary of the Company and all current shareholders of
      Companhia de Bebidas das Am&#233;ricas - Ambev are now the Company&#8217;s
      shareholders.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">e) Ownership Structure Before and After the
      Operation</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Before
      the operation: (i) the Company held 0.476% interest in the capital stock
      of Companhia de Bebidas das Am&#233;ricas &#8211; Ambev; (ii) the Company&#8217;s sole
      shareholder was InterBrew International B.V.; and (iii) InterBrew
      International B.V. and AmBrew S.A. were shareholders of Companhia de
      Bebidas das Am&#233;ricas &#8211; Ambev.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">After
      completion of the operation: (i) the Company now holds 100% of shares
      issued by Companhia de Bebidas das Am&#233;ricas &#8211; Ambev; and (ii) former
      shareholders of Companhia de Bebidas das Am&#233;ricas &#8211; Ambev now hold the
      same percentage of shares in the Company as they previously held in
      Companhia de Bebidas das Am&#233;ricas &#8211; Ambev.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">f)</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">
      </FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">Mechanisms adopted to ensure fair treatment amongst
      shareholders</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Both
      minority common and preferred shareholders of shares issued by Companhia
      de Bebidas das Am&#233;ricas - Ambev took part in the deliberations on the
      Share Merger. At the extraordinary shareholders&#8217; meeting which resolved on
      the Share Merger, the minority preferred shareholders had the opportunity
      to express their views separately.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
      votes of AmBrew S.A., Interbrew International B.V. and Funda&#231;&#227;o Antonio e
      Helena Zerrener Institui&#231;&#227;o Nacional de Benefic&#234;ncia and of the Company at
      the extraordinary shareholders&#8217; meeting which resolved on the Share Merger
      were aligned with the position expressed separately by other common and
      preferred shareholders of Companhia de Bebidas das Am&#233;ricas &#8211; Ambev, so
      that the implementation of the Share Merger derived from the favorable
      opinion of both the common and preferred minority
    shareholders.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">326</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_327></A>
<a name="_bclPageBorder329"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader329"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 29.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">a</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">)
      E</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 110%" face="times new roman">ve</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">n</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">t</FONT></I></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Publicly-held company registration
      obtained</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">b) Main Business Conditions</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">On October 30, 2013, the Brazilian Securities
      Commission - CVM granted the Company&#8217;s registration as securities issuer
      under category &#8220;A&#8221;, pursuant to CVM Instruction No. 480 of December 7,
      2009.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">c) Companies Involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Ambev
      S.A.</FONT></P></TD></TR>
  <TR style="HEIGHT: 102.1pt">
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">d) Effects of the Operation on the Ownership
      Structure especially on the interests of the Controlling Shareholder,
      Shareholders with more than 5% of the Company&#8217;s Capital Stock and the
      Company&#8217;s Management</FONT></I></B></P></TD>
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">No
      effect on the Company&#8217;s ownership structure.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">e) Ownership Structure Before and After the
      Operation</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">No
      alteration in the ownership structure.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">f)</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">
      </FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">Mechanisms adopted to ensure fair treatment amongst
      shareholders</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Not
      applicable, since the publicly-held company registration obtained did not
      cause any impact on the Company&#8217;s
shareholders.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 29.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">a</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">)
      E</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 110%" face="times new roman">ve</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">n</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">t</FONT></I></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Merger
      of Companhia de Bebidas das Am&#233;ricas &#8211; Ambev with the
  Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">b) Main Business Conditions</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
      material fact released on December 3, 2013 announced the proposal for the
      Company&#8217;s incorporation of Companhia de Bebidas das Am&#233;ricas &#8211; Ambev. This
      merger aimed at streamlining the group&#8217;s ownership structure and reducing
      its operating expenses, so that the Company could continue to concentrate
      on the production and trading of beer, concentrates, soft drinks and other
      beverages, directly and no longer only through its subsidiaries or
      wholly-owned subsidiaries, as applicable.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">On
      January 2, 2014, extraordinary shareholders&#8217; meetings of the Company and
      Companhia de Bebidas das Am&#233;ricas &#8211; Ambev were held which approved the
      merger mentioned above. As a result of this merger, the Company received
      at their respective book values, all the assets, rights and obligations of
      Companhia de Bebidas das Am&#233;ricas &#8211; Ambev, which was dissolved, with its
      shares being cancelled, and succeeded by the Company, pursuant to the law.
      </FONT></P>
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The merger of Companhia de Bebidas das Am&#233;ricas &#8211;
      Ambev was completed without an increase or decrease in the shareholders&#8217;
      equity or capital stock of the Company, since it was a wholly-owned
      subsidiary of the Company.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">c) Companies Involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Companhia de Bebidas das Am&#233;ricas &#8211; Ambev and Ambev
      S.A.</FONT></P></TD></TR>
  <TR style="HEIGHT: 88.55pt">
    <TD style="HEIGHT: 88.55pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">d) Effects of the Operation on the Ownership
      Structure especially on the interests of the Controlling Shareholder,
      Shareholders with more than 5% of the Company&#8217;s Capital Stock and the
      Company&#8217;s Management</FONT></I></B></P></TD>
    <TD style="HEIGHT: 88.55pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">No
      effect on the Company&#8217;s ownership structure.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">e) Ownership Structure Before and After the
      Operation</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Before
      the operation the Company held a direct interest representing 100% of the
      capital stock of Companhia de Bebidas das Am&#233;ricas &#8211; Ambev and an indirect
      interest in the subsidiaries of Companhia de Bebidas das Am&#233;ricas &#8211;
      Ambev.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">After
      completion of the operation, Companhia de Bebidas das Am&#233;ricas &#8211; Ambev was
      dissolved, so that the Company now holds a direct interest in the former
      subsidiaries of Companhia de Bebidas das Am&#233;ricas &#8211;
Ambev.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">f)</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">
      </FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">Mechanisms adopted to ensure fair treatment amongst
      shareholders</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Not
      applicable, as the operation did not affect the Company&#8217;s shareholders,
      since the Company was holder of 100% of the capital stock of Companhia de
      Bebidas da Am&#233;rica &#8211; Ambev.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">327</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_328></A>
<a name="_bclPageBorder330"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader330"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=center></DIV>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 29.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">a</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">)
      E</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 110%" face="times new roman">ve</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">n</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">t</FONT></I></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Merger
      of Ambev Brasil Bebidas S.A. with the Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">b) Main Business Conditions</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
      material fact released on December 3, 2013, announced the Company&#8217;s
      proposal to incorporate Ambev Brasil Bebidas S.A. This merger aimed at
      streamlining the group&#8217;s ownership structure and reducing its operating
      expenses, so that the Company could continue to concentrate on the
      production and trading of beer, concentrates, soft drinks and other
      beverages, directly and not only by means of its subsidiaries or
      wholly-owned subsidiaries, as applicable.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">On
      January 2, 2014, extraordinary shareholders&#8217; meetings of the Company and
      Ambev Brasil Bebidas S.A. were held, which approved the merger mentioned
      above. As a result of the merger, the Company received at their respective
      book values, all the assets, rights and obligations of Ambev Brasil
      Bebidas S.A., which was dissolved, with its shares being cancelled, and
      succeeded by the Company, pursuant to the law. </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
      merger of Ambev Brasil Bebidas S.A. resulted in an increase of the
      Company&#8217;s capital stock in an amount equivalent to the shareholders&#8217;
      equity of Ambev Brasil Bebidas S.A. corresponding to the investment of
      minority shareholders of Ambev Brasil Bebidas S.A., i.e., by
      R$156,566.05.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">c) Companies Involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Ambev
      Brasil Bebidas S.A. and Ambev S.A.</FONT></P></TD></TR>
  <TR style="HEIGHT: 102.1pt">
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">d) Effects of the Operation on the Ownership
      Structure especially on the interests of the Controlling Shareholder,
      Shareholders with more than 5% of the Company&#8217;s Capital Stock and the
      Company&#8217;s Management</FONT></I></B></P></TD>
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">As a
      result of the operation, 62,596 new common shares of the Company were
      issued in favor of minority shareholders of Ambev Brasil Bebidas S.A., in
      replacement of the common shares of Ambev Brasil Bebidas S.A. held by
      them, and these shares were fully subscribed by the managers of Ambev
      Brasil Bebidas S.A., on account of the respective shareholders, who became
      shareholders in the Company.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">e) Ownership Structure Before and After the
      Operation</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Before
      the operation, the Company directly held a 99% interest in the capital
      stock of Ambev Brasil Bebidas S.A. and an indirect interest in the
      subsidiaries of Ambev Brasil Bebidas S.A.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">After
      completion of the operation, Ambev Brasil Bebidas S.A. was dissolved, and
      the Company succeeded Ambev Brasil Bebidas S.A. in all its rights and
      obligations.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">f)</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">
      </FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">Mechanisms adopted to ensure fair treatment amongst
      shareholders</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Not
      applicable since the operation did not cause impact on minority
      shareholders.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">328</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_329></A>
<a name="_bclPageBorder331"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader331"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">a</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">)
      E</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 110%" face="times new roman">ve</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">n</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">t</FONT></I></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Acquisition of 50% in the capital stock of Bucanero
      S.A. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">b) Main Business Conditions</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">On
      January 28, 2014 AmBev Luxembourg, the Company&#8217;s wholly-owned subsidiary,
      acquired the interest indirectly held by Anheuser-Busch InBev SA/NV in
      Cerbuco Brewing Inc., which holds 50% in Bucanero S.A., the leading
      company in the Cuban beer market.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">c) Companies Involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Anheuser-Busch InBev SA/NV, AmBev Luxembourg,
      Cerbuco Brewing Inc. and Bucanero S.A.</FONT></P></TD></TR>
  <TR style="HEIGHT: 34.85pt">
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">d) Effects of the Operation on the Ownership
      Structure especially on the interests of the Controlling Shareholder,
      Shareholders with more than 5% of the Company&#8217;s Capital Stock and the
      Company&#8217;s Management</FONT></I></B></P></TD>
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">No
      effect on the Company&#8217;s ownership structure.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">e) Ownership Structure Before and After the
      Operation</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
      Company, before the operation, did not hold any direct or indirect
      interest in Bucanero S.A. After completion of the operation, the Company
      now holds an indirect interest of 50% in Bucanero S.A.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">f)</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">
      </FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">Mechanisms adopted to ensure fair treatment amongst
      shareholders</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">A
      Fairness Opinion was obtained from N M Rothschild &amp; Sons (Brasil)
      Ltda. confirming Cerbuco&#8217;s financial valuation prepared by the Company.
      Referring to the approval of the acquisition of Interbrew International
      B.V. (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">IIBV</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">&#8221;)&#8217;s
      interest in Cerbuco, in order to ensure independence, members of the Board
      of Directors with any conflict of interests did not take part in the
      resolutions related to this operation. In addition, compliance with U.S.
      policy on Cuba (the &#8220;Policy To Assist U.S. Persons In Complying with their
      Obligations under U.S. Sanctions Regarding Cuba&#8221;) </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">w</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">as
      approved, and this was filed at the Company&#8217;s headquarters. The Legal
      Officer and Chief Financial and Investor Relations Officer of the Company
      were granted authority jointly, after consulting the Compliance Antitrust
      and Related Parties Committee, to resolve on any and all matters related
      to any possible direct or indirect activities of the Company in
      Cuba.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 29.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">a</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">)
      E</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 110%" face="times new roman">ve</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">n</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">t</FONT></I></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Merger
      of Londrina Bebidas Ltda. with the Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">b) Main Business Conditions</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">A
      Management proposal released on September 2, 2014, recommended the
      Company&#8217;s incorporation of Londrina Bebidas Ltda., a wholly-owned
      subsidiary of the Company. This merger aimed at streamlining the group&#8217;s
      ownership structure and reducing its operating expenses.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
      Company&#8217;s Extraordinary Shareholders&#8217; Meeting was held on October 1, 2014
      as well as a Partner&#8217;s Resolution of Londrina Bebidas Ltda., which
      approved the merger mentioned above. As a result of this merger, the
      Company received at their respective book values, all the assets, rights
      and obligations of Londrina Bebidas Ltda., which was dissolved, with its
      shares being cancelled, and succeeded by the Company, pursuant to the
      law.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">The
      merger of Londrina Bebidas Ltda. was concluded without increasing or
      decreasing the Company&#8217;s shareholders&#8217; equity or its capital stock, since
      Londrina Bebidas Ltda. was a wholly-owned subsidiary of the
      Company.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">c) Companies Involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Londrina
      Bebidas Ltda. and Ambev S.A.</FONT></P></TD></TR>
  <TR style="HEIGHT: 102.1pt">
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">d) Effects of the Operation on the Ownership
      Structure especially on the interests of the Controlling Shareholder,
      Shareholders with more than 5% of the Company&#8217;s Capital Stock and the
      Company&#8217;s Management</FONT></I></B></P></TD>
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">No
      effect on the Company&#8217;s ownership structure.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">e) Ownership Structure Before and After the
      Operation</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Before
      the operation, the Company held a direct interest of 100% in the capital
      stock of Londrina Bebidas Ltda.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">After
      completion of the operation, Londrina Bebidas Ltda. was dissolved and the
      Company succeeded Londrina Bebidas Ltda. in all its rights and
      obligations.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">f)</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">
      </FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%" face="times new roman">Mechanisms adopted to ensure fair treatment amongst
      shareholders</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 1.7pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="times new roman">Not
      applicable, since the operation did not cause any impact on the Company&#8217;s
      shareholders, since the Company held a 100% interest in the capital stock
      of Londrina Bebidas Ltda.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">329</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_330></A>
<a name="_bclPageBorder332"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader332"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=center></DIV>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 29.9pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Event</FONT></I></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="62%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Merger of Cervejarias Reunidas Skol Caracu S.A.
      into the Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Main Business Conditions</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The management&#8217;s proposal disclosed on March 29,
      2016, detailed the proposal for the merger of Cervejarias Reunidas Skol
      Caracu S.A., a wholly-owned subsidiary of the Company, into the
      Company.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=blue face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The merger aimed at simplifying the group&#8217;s
      ownership structure and reducing operational and administrative costs.
      </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On April 29, 2016, the Annual and Extraordinary
      Shareholders&#8217; Meetings of the Company, and the Annual and Extraordinary
      Shareholders&#8217; Meetings of Cervejarias Reunidas Skol Caracu S.A. approved
      the merger mentioned above. As a result of the merger, the Company
      received, at their respective book values, all the assets, rights, and
      obligations of Cervejarias Reunidas Skol Caracu S.A., which was
      extinguished, with its shares being cancelled, and succeeded by the
      Company, pursuant to the law.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The merger of Cervejarias Reunidas Skol Caracu S.A.
      was completed without an increase or decrease in the shareholders&#8217; equity
      or capital stock of the Company, since Cervejarias Reunidas Skol Caracu
      S.A. was a wholly-owned subsidiary of the Company.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Companies Involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cervejarias Reunidas Skol Caracu S.A. and Ambev
      S.A.</FONT></P></TD></TR>
  <TR style="HEIGHT: 102.1pt">
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Effects of the Operation on the Ownership
      Structure, especially on the interest of the Controlling Shareholder,
      Shareholders with more than 5% of the Company&#8217;s Capital Stock and the
      Company&#8217;s Management</FONT></I></B></P></TD>
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No effect on the Company&#8217;s ownership structure.
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Ownership structure before and after the
      operation</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Before the operation, the Company held a direct
      interest of 100% in the capital stock of Cervejarias Reunidas Skol Caracu
      S.A.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">After the operation, Cervejarias Reunidas Skol
      Caracu S.A. was extinguished, being succeeded by the Company regarding all
      rights and obligations.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Mechanisms adopted to ensure fair treatment
      amongst shareholders</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable, as the operation did not affect the
      Company&#8217;s shareholders, since the Company was holder of 100% of the
      capital stock in Cervejarias Reunidas Skol Caracu S.A.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=blue face="times new roman"> </FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">330</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_331></A>
<a name="_bclPageBorder333"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader333"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=center></DIV>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 29.9pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Event</FONT></I></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="62%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Merger of Eagle Distribuidora de Bebidas S.A. into
      the Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Main Business Conditions</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The management&#8217;s proposal disclosed on March 29,
      2016, detailed the merger of Eagle Distribuidora de Bebidas S.A., a
      wholly-owned subsidiary of the Company, into the Company.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=blue face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The merger aimed at simplifying the group&#8217;s
      ownership structure and reducing operational and administrative costs.
      </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On April 29, 2016, the Annual and Extraordinary
      Shareholders&#8217; Meetings of the Company, and the Annual and Extraordinary
      Shareholders&#8217; Meetings of Eagle Distribuidora de Bebidas S.A. approved the
      merger mentioned above. As a result of the merger, the Company received,
      at their respective book values, all the assets, rights, and obligations
      of Eagle Distribuidora de Bebidas S.A., which was extinguished, with its
      shares being cancelled, and succeeded by the Company, pursuant to the
      law.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The merger of Eagle Distribuidora de Bebidas S.A.
      was completed without an increase or decrease in the shareholders&#8217; equity
      or capital stock of the Company, since Eagle Distribuidora de Bebidas S.A.
      was a wholly-owned subsidiary of the Company.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Companies Involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Eagle Distribuidora de Bebidas S.A. and Ambev
      S.A.</FONT></P></TD></TR>
  <TR style="HEIGHT: 102.1pt">
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d)Effects of the Operation on the Ownership
      Structure, especially on the interest of the Controlling Shareholder,
      Shareholders with more than 5% of the Company&#8217;s Capital Stock and the
      Company&#8217;s Management</FONT></I></B></P></TD>
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No effect on the Company&#8217;s ownership structure.
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Ownership structure before and after the
      operation</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Before the operation, the Company held a direct
      interest of 100% in the capital stock of Eagle Distribuidora de Bebidas
      S.A.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=blue face="times new roman"> </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">After the operation, Eagle Distribuidora de Bebidas
      S.A. was extinguished, being succeeded by the Company regarding all rights
      and obligations.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Mechanisms adopted to ensure fair treatment
      amongst shareholders</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable, as the operation did not affect the
      Company&#8217;s shareholders, since the Company was holder of 100% of the
      capital stock in Eagle Distribuidora de Bebidas
  S.A.</FONT></P></TD></TR></TABLE></DIV><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">331</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_332></A>
<a name="_bclPageBorder334"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader334"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 29.9pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Event</FONT></I></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Merger of Cachoeiras de Macacu Bebidas Ltda. into
      the Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Main Business Conditions</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The management&#8217;s proposal disclosed on March 29,
      2017 detailed the merger of Cachoeiras de Macacu Bebidas Ltda., the
      entirety of quotas of which was held by the Company, into the
      Company.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=blue face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The merger aimed at simplifying the group&#8217;s
      ownership structure and reducing operational and administrative costs.
      </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On April 28, 2017, the Annual and Extraordinary
      General Meetings of the Company was held and the Articles of Association
      of Cachoeiras de Macacu Bebidas Ltda. was amended, whereby the merger
      mentioned above was approved.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As a result of the merger, the Company received, at
      their respective book values, all the assets, rights, and obligations of
      Cachoeiras de Macacu Bebidas Ltda., which was extinguished, with its
      quotas being cancelled, and succeeded by the Company, pursuant to the
      law.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The merger of Cachoeiras de Macacu Bebidas Ltda.
      was completed without an increase or decrease in the shareholders&#8217; equity
      or capital stock of the Company, since the net equity of Cachoeiras de
      Macacu Bebidas Ltda. was already fully reflected in the Company&#8217;s net
      equity, as a result of (i) the application of the equity method and,
      considering that the book value of Cachoeiras de Macacu Bebidas Ltda.&#8217;s
      net equity was negative, (ii) the existence of provision in the Company&#8217;s
      balance sheet in amount equivalent to the book value of Cachoeiras de
      Macacu Bebidas Ltda.&#8217;s net equity.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Companies Involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cachoeiras de Macacu Bebidas Ltda. and Ambev
      S.A.</FONT></P></TD></TR>
  <TR style="HEIGHT: 102.1pt">
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d)Effects of the Operation on the Ownership
      Structure, especially on the interest of the Controlling Shareholder,
      Shareholders with more than 5% of the Company&#8217;s Capital Stock and the
      Company&#8217;s Management</FONT></I></B></P></TD>
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No effect on the Company&#8217;s ownership structure.
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Ownership structure before and after the
      operation</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Before the operation, the Company held a direct
      interest of 100% in the capital stock of Cachoeiras de Macacu Bebidas
      Ltda.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=blue face="times new roman"> </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">After the operation, Cachoeiras de Macacu Bebidas
      Ltda. was extinguished, being succeeded by the Company regarding all
      rights and obligations.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Mechanisms adopted to ensure fair treatment
      amongst shareholders</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable, as the operation did not affect the
      Company&#8217;s shareholders, since the Company was holder of 100% of the
      capital stock in Cachoeiras de Macacu Bebidas
  Ltda.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">332</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_333></A>
<a name="_bclPageBorder335"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader335"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<DIV align=center>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 29.9pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Event</FONT></I></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 29.9pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Partial spin-off of Arosuco with the Spun-off
      Portion Merged into the Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Main Business Conditions</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The management&#8217;s proposal disclosed on March 27,
      2017 detailed the merger into the Company of the spun-off portion of
      Arosuco Aromas e Sucos Ltda., the entirety of quotas of which became the
      property of the Company immediately before the merger.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=blue face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The merger aimed at simplifying the group&#8217;s
      ownership structure and reducing operational and administrative costs.
      </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On April 27, 2017, the Annual and Extraordinary
      General Meetings of the Company was held, whereby the merger of the
      spun-off portion into the Company.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The merger did not result in an increase or
      reduction of the Company's equity or capital stock, as the spun-off assets
      were already fully reflected in the Company&#8217;s shareholders&#8217; equity as a
      result of compliance with the relevant accounting rules. In this sense,
      there was no dilution of the Company&#8217;s current shareholders, therefore,
      the obligations set forth in Chapter III of CVM Instruction No. 565, of
      June 15, 2015, are not applicable.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company formulated a consultation with CVM
      regarding the necessity of elaboration of the reports provided for in
      article 264 of Law No. 6404/76, for purposes of the Reorganization, and
      the CVM Superintendence of Relations with Companies, due to the
      circumstances of the case, based on in item I, sub-paragraph &#8220;b&#8221;, of CVM
      Resolution 559/08, expressing the understanding that there would be no
      justification for CVM to request the preparation of the reports mentioned
      in article 264 of Law No. 6404/76, for the purposes of the Reorganization,
      pursuant to Official Letter No. 86/2018/CVM/SEP/GEA-2, dated March 22,
      2018.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Companies Involved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Arosuco Aromas e Sucos Ltda. and Ambev
      S.A.</FONT></P></TD></TR>
  <TR style="HEIGHT: 102.1pt">
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Effects of the Operation on the Ownership
      Structure, especially on the interest of the Controlling Shareholder,
      Shareholders with more than 5% of the Company&#8217;s Capital Stock and the
      Company&#8217;s Management</FONT></I></B></P></TD>
    <TD style="HEIGHT: 102.1pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">No effect on the Company&#8217;s ownership structure.
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Ownership structure before and after the
      operation</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Before the operation, the Company held a direct
      interest of 100% in the capital stock of </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Arosuco Aromas e Sucos Ltda. and the
      interest continued unchanged after the merger of the spun-off
      portion</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Mechanisms adopted to ensure fair treatment
      amongst shareholders</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable, as the operation did not affect the
      Company&#8217;s shareholders, since the Company was holder of 100% of the
      capital stock in Arosuco Aromas e Sucos
Ltda.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">333</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_334></A>
<a name="_bclPageBorder336"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader336"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15.8 - Other material information</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Due to the merger of all the shares issued by Companhia
de Bebidas das Am&#233;ricas &#8211; Ambev, as described in this Reference Form, the
shareholders and holders of American Depositary Receipts (&#8220;ADRs&#8221;) of Companhia
de Bebidas das Am&#233;ricas &#8211; Ambev now became holders, respectively, of (i) five
common shares issued by the Company for each common or preferred share issued by
Companhia de Bebidas das Am&#233;ricas &#8211; Ambev outstanding in the market, and (ii)
five ADRs of the Company for each ADR of Companhia de Bebidas das Am&#233;ricas &#8211;
Ambev, representing its common or preferred shares.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On October 30, 2013, the Brazilian Securities Commission
(&#8220;CVM&#8221;) registered the Company as an issuer of securities under category &#8220;A&#8221;,
pursuant to CVM Instruction No. 480 of December 7, 2009, as amended. The Company
shares and American Depositary Receipts began to be traded, respectively, on the
Securities, Commodities and Futures Exchange - BM&amp;FBOVESPA S.A. (currently
B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o) and on the New York Stock Exchange, on November
11, 2013.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">An Extraordinary Shareholders&#8217; Meeting of Companhia de
Bebidas das Am&#233;ricas &#8211; Ambev was held on October 31, 2013, where the Company, in
the capacity of sole shareholder of Companhia de Bebidas das Am&#233;ricas &#8211; Ambev,
approved the request for deregistering of Companhia de Bebidas das Am&#233;ricas &#8211;
Ambev as issuer of securities under category &#8220;A&#8221;, pursuant to Article 50 of CVM
Instruction No. 480 of December 7, 2009, as amended, and the request for
cancellation of American Depositary Receipts Programs Level 2 of Companhia de
Bebidas das Am&#233;ricas - Ambev. The request for deregistering Companhia de Bebidas
das Am&#233;ricas &#8211; Ambev as issuer of securities under category &#8220;A&#8221; was granted by
CVM on December 12, 2013, by means of the Official Letter/CVM/SEP/GEA-2/N&#186;
388/2013.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">334</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_335></A>
<a name="_bclPageBorder337"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader337"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">16.1 &#8211;
Describe the issuer&#8217;s rules, policies and practices regarding transactions with
related parties, as defined by the accounting rules on this subject, indicating
if there is a formal policy in place, the body responsible for its approval,
date of approval and, if the issuer discloses the policy, where this can be
consulted in the world wide web.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">According to
the Company&#8217;s bylaws and the internal regulations of the Compliance Antitrust
and Related Parties Committee, the board of directors, after the analysis by
said Committee, is responsible for approving any trades or agreements entered
into between the Company and/or its subsidiaries (except for wholly-owned
subsidiaries), its managers and/or shareholders (including direct or indirect
partners of Company shareholders), and any transactions with related parties
must mandatorily follow reasonable or fair conditions similar to those
prevailing on the market, or conditions that the Company would otherwise
negotiate with third parties. Also, such transactions must be clearly reflected
in the Company&#8217;s financial statements. The current internal regulation of the
</FONT><FONT style="POSITION: relative; TOP: 0.5pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Compliance
Antitrust and Related Parties Committee</FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;was
approved on July 31, 2013, but the former Companhia de Bebidas das Am&#233;ricas had
a similar committee since 2010 and an internal policy regulating operations
between related parties.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In addition,
managers are not allowed to interfere in any transaction in which interests,
even in theory, are in conflict with those of the Company. </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman">Additionally, directors should not have access to
information, or participate in the resolutions of the Board of Directors
regarding issues in which there are or may represent conflicting interests.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">335</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_336></A>
<a name="_bclPageBorder338"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader338"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">16.2 - Except
for the transactions carried out between the issuer and the companies in which
it directly or indirectly holds total capital stock, inform the transactions
held with related parties which, according to the accounting standards, should
be disclosed in the individual or consolidated financial statements of the
issuer, and which have been performed in the last fiscal year, or are still in
force in the current fiscal year.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 34.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Name of related parties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Relationship between the Parties and the
      Company</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Transaction Date</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Subject-matter of the
Agreement</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Is the issuer a creditor or a
      debtor?</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Amount Involved (in Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g) Balance as of 12/31/2017 (in
      Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h) Amount of the interest held by the party in the
      business, if measurable</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i) Warranties and insurance</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">j) Term</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">k) Termination or cancellation
      conditions</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">l) Loans and debts</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 34.85pt">
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i. Nature and Reasons</FONT></B></P></TD>
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ii.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest Rate</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=ES style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Anheuser-Busch Inbev USA
    LLC</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services &#8211; Export of Products</FONT><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">30,485,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">30,485,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=ES-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Anheuser-Busch Inbev USA
    LLC</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal Services
      &#8211; Import of Products</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">384,466,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">384,466,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Anheuser-Busch InBev
SA/NV</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Parent Company</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services &#8211; Export of Products</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">34,798,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">34,798,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Anheuser-Busch InBev
SA/NV</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Parent Company</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal Services
      &#8211; Import of Products</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">364,781,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">364,781,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=ES style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cervecer&#237;a Modelo de Mexico S. de R.L.
      de C.V.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services &#8211; Export of Products</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">97,396,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">97,396,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=ES style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Cervecer&#237;a Modelo de Mexico S. de R.L.
      de C.V.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal Services
      &#8211; Import of Products</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">649,002,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">649,002,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">336</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_337></A>
<a name="_bclPageBorder339"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader339"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 34.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Name of related parties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Relationship between the Parties and the
      Company</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Transaction Date</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Subject-matter of the
Agreement</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Is the issuer a creditor or a
      debtor?</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Amount Involved (in Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g) Balance as of 12/31/2017 (in
      Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h) Amount of the interest held by the party in the
      business, if measurable</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i) Warranties and insurance</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">j) Term</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">k) Termination or cancellation
      conditions</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">l) Loans and debts</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 34.85pt">
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i. Nature and Reasons</FONT></B></P></TD>
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ii.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest Rate</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">AB InBev Procurement GmbH</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services &#8211; Export of Products</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,989,000</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">8,989,000</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Inbev Belgium N.V.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services &#8211; Export of Products</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">23,880,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">23,880,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Inbev Belgium N.V.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal Services
      &#8211; Import of Products</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">33,775,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">33,775,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Interbrew International
    B.V.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Parent Company</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">01/28/2014</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Accounts Payable &#8211; acquisition of
      subsidiary</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">260,857,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">260,857,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Anheuser-Busch Inbev Services LLC</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">29,902,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">29,902,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Anheuser-Busch Inbev Services LLC</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,124,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,124,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cerveceria Nacional - Panam&#225;</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">20,324,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">20,324,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Cerveceria Nacional - Panam&#225;</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,006,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4,006,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>&nbsp;</DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">337</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_338></A>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 34.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Name of related parties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Relationship between the Parties and the
      Company</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Transaction Date</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Subject-matter of the
Agreement</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Is the issuer a creditor or a
      debtor?</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Amount Involved (in Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g) Balance as of 12/31/2017 (in
      Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h) Amount of the interest held by the party in the
      business, if measurable</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i) Warranties and insurance</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">j) Term</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">k) Termination or cancellation
      conditions</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">l) Loans and debts</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 34.85pt">
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i. Nature and Reasons</FONT></B></P></TD>
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ii.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest Rate</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Anheuser-Busch InBev Japan</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">473,000</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">473,000</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ab Inbev Sedrin Holding B.V.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">347,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">347,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ab Inbev Sedrin Holding B.V.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party a</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">62,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">62,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bavaria S.A.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,692,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,692,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Bavaria S.A.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,610,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,610,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Anheuser-Busch Inbev Deutschland GMBH &amp;
      CO.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">467,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">467,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Anheuser-Busch Inbev Deutschland GMBH &amp;
      CO.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13,775,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">13,775,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">GModelo Europa S.A.U.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">397,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">397,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>&nbsp;</DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">338</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_339></A>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 34.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Name of related parties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Relationship between the Parties and the
      Company</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Transaction Date</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Subject-matter of the
Agreement</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Is the issuer a creditor or a
      debtor?</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Amount Involved (in Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g) Balance as of 12/31/2017 (in
      Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h) Amount of the interest held by the party in the
      business, if measurable</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i) Warranties and insurance</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">j) Term</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">k) Termination or cancellation
      conditions</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">l) Loans and debts</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 34.85pt">
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i. Nature and Reasons</FONT></B></P></TD>
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ii.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest Rate</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Nimbuspath LTD.</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,354,000</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,354,000</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Nimbuspath LTD.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">197,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">197,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">USD: Corporate</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">50,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">50,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Crown Beers India Private LTD.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">808,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">808,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">GCC Services India Private&nbsp; LTD.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services </FONT><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">s</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">617,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">617,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">GCC Services India Private&nbsp; LTD.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,535,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,535,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Anheuser-Busch Packaging Group INC.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,306,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,306,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Anheuser-Busch Packaging Group INC.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">35,114,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">35,114,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">339</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_340></A>
<a name="_bclPageBorder342"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader342"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 34.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Name of related parties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Relationship between the Parties and the
      Company</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Transaction Date</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Subject-matter of the
Agreement</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Is the issuer a creditor or a
      debtor?</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Amount Involved (in Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g) Balance as of 12/31/2017 (in
      Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h) Amount of the interest held by the party in the
      business, if measurable</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i) Warranties and insurance</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">j) Term</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">k) Termination or cancellation
      conditions</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">l) Loans and debts</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 34.85pt">
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i. Nature and Reasons</FONT></B></P></TD>
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ii.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest Rate</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=ES-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev Colombia S.A.S.</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">356,000</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">356,000</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Compania Cervecera Ambev Peru S.A.C.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,673,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,673,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Compania Cervecera Ambev Peru S.A.C.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">14,873,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">14,873,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=ES-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Compa&#241;ia Cerveceria Hondure&#241;a S.A. DE C.V.&nbsp;
      </FONT><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">S.A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Payable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,119,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">7,119,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Anheuser Busch Inbev Australia PTY
      Limited</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">350,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">350,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=ES-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Industrias La Constancia S.A. DE C.V.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,552,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">2,552,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Thohoyandou Beer Distributors (PTY)
      Limited</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Related Party</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accounts Receivable &#8211; Rendering of Reciprocal
      Services</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Creditor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,511,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1,511,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interbrew International B.V.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Parent Company</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Dividends Payable</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">590,937,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">590,937,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">340</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_343></A>
<a name="_bclPageBorder343"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader343"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 34.9pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a) Name of related parties</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b) Relationship between the Parties and the
      Company</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c) Transaction Date</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d) Subject-matter of the
Agreement</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e) Is the issuer a creditor or a
      debtor?</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">f) Amount Involved (in Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">g) Balance as of 12/31/2017 (in
      Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">h) Amount of the interest held by the party in the
      business, if measurable</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i) Warranties and insurance</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">j) Term</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" rowSpan=2 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">k) Termination or cancellation
      conditions</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 34.9pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%" colSpan=2>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">l) Loans and debts</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 34.85pt">
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">i. Nature and Reasons</FONT></B></P></TD>
    <TD style="HEIGHT: 34.85pt; BORDER-RIGHT: #000000 1px solid; BACKGROUND: #a6a6a6; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ii.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Interest Rate</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambrew S. A.</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Parent Company</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Dividends Payable</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">89,968,000</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">89,968.000</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Funda&#231;&#227;o Antonio e Helena Zerrener
      Institui&#231;&#227;o Nacional de Benefic&#234;ncia</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Parent Company</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">06/01/2008</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lease of assets (10-year agreement entered into on
      Jun. 1, 2008) </FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">63,328,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">9,703,826</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">03/31/2020</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Funda&#231;&#227;o Antonio e Helena Zerrener
      Institui&#231;&#227;o Nacional de Benefic&#234;ncia</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Parent Company</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">04/01/2016</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lease of 3rd and 4th floors of the Corporate Park
      Building, occupied by the Company&#8217;s Central Administration</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">6,510,805</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3,255,000</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">01/31/2020</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 31.35pt">
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Funda&#231;&#227;o Antonio e Helena Zerrener
      Institui&#231;&#227;o Nacional de Benefic&#234;ncia</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Parent Company</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">12/31/2017</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Health and dental care for the employees and
      managers (and their dependents) at the Company and its
      subsidiaries.</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Debtor</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" color=black face="times new roman">22.454.410,17</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%" color=black face="times new roman">22.454.410,17</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Indefinite</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to applicable legislation</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.35pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">341</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_344></A>
<a name="_bclPageBorder344"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader344"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.3 - In regard to each transaction or set of
transactions mentioned in section 16.2 above that occurred in the last fiscal
year:</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a) identify
the measures taken to deal with conflicts of interest</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">In regard to the transactions mentioned in section 16.2
of this Reference Form, the Company informs that: (i) such transactions were
duly approved by the competent bodies, as set forth in item 16.1 above; (ii)
managers with interests may be in conflict with those of the Company, even if in
theory, do not participate as in the resolutions on such transactions and such
impediment was recorded in the minutes of said meeting; and (iii) such
transactions were entered into under usual market conditions, and said
conditions were explained in said meetings. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: 115%" face="times new roman">In addition, in the last fiscal year ended December 31,
2017, the Company did not grant loans, neither has it entered into any financial
agreements with its executive officers or members of the board of directors.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">b) show the strictly commutative nature of the conditions
agreed or the adequate compensation payments</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company
only performs transactions with related parties in accordance with the
conditions adopted by the market at that time.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The essential
conditions set forth in the agreements currently in force are highlighted in
item 16.2 herein and were duly addressed in presentations used for the approval
by the competent bodies. </FONT></P>
<P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0.7pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">342</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_345></A>
<a name="_bclPageBorder345"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader345"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">16.4 - Provide
other information deemed as relevant by the issuer </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=#212121 face=inherit>As
disclosed in the Company's financial statements, Funda&#231;&#227;o Zerrenner, the
Company's controlling shareholder, is a legally independent entity whose main
objective is to provide the Company's active and certain inactive employees in
Brazil with medical and dental assistance, technical and higher education and
facilities for assistance and assistance to the elderly, through direct
initiatives or financial assistance agreements with other entities. At December
31, 2017 and 2016, actuarial liabilities related to the benefits provided
directly by the Zerrenner Foundation were fully covered by the assets of the
Zerrenner Foundation held for that purpose, which exceed in a significant amount
the value of the actuarial liabilities at such dates. Ambev recognizes the
assets (prepaid expenses) of this plan in the extension of the amount of the
economic benefit available to the Company, from reimbursements or reductions of
future contributions. The expenses incurred by the Zerrenner Foundation in
Brazil to provide the aforementioned benefits to the Company's employees
amounted to R$300,065 (R$266,720 on December 31, 2016), of which R$264,251 and
R$35,814 related to active and inactive employees, respectively (R$ 231,930 and
R$34,791 as of December 31, 2016 related to active and inactive employees
respectively).</FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<a name="_bclFooter345"></a><DIV>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman">348</FONT><FONT style="DISPLAY: none"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">343</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_346></A>
<a name="_bclPageBorder346"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader346"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">17.1 -
Information on capital stock</FONT></B></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a) Issued
Capital</FONT></B></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of authorization or approval</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Capital amount (in Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment term</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of common shares (in
units)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of preferred shares (in
    units)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total number of shares</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(in units)</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">03/26/2018</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">57,710,201,914.77</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Fully paid-in</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">15,722,147,311</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">15,722,147,311</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Subscribed
Capital </FONT></B></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 40.5pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of authorization or approval</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Capital amount (in Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment term</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of common shares (in
units)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of preferred shares (in
    units)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total number of shares</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(in units)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 31.5pt">
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">03/26/2018</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">57,710,201,914.77</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Fully paid-in</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">15,722,147,311</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">15,722,147,311</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;Paid-in
Capital</FONT></B></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 40.5pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of authorization or approval</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Capital amount (in Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment term</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of common shares (in
units)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of preferred shares (in
    units)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total number of shares</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(in units)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 31.5pt">
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">03/26/2018</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">57,710,201,914.77</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Fully paid-in</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">15,722,147,311</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">15,722,147,311</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<a name="_bclFooter346"></a><DIV>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman">349</FONT><FONT style="DISPLAY: none"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">344</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_347></A>
<a name="_bclPageBorder347"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader347"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Authorized
capital</FONT></B></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 40.5pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of authorization or approval</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Capital amount (in Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment term</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of common shares (in
units)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of preferred shares (in
    units)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total number of shares</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(in units)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 31.5pt">
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">03/01/2013</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">19,000,000,000</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">19,000,000,000</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Securities
Convertible into shares and conversion conditions</FONT></B></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 40.5pt">
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of authorization or approval</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Capital amount (in Reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment term</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of common shares (in
units)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of preferred shares (in
    units)</FONT></B></P></TD>
    <TD style="BORDER-TOP: black 1pt solid; HEIGHT: 40.5pt; BORDER-RIGHT: black 1pt solid; BACKGROUND: gainsboro; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total number of shares</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(in units)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 31.5pt">
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 0cm" width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">N/A</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD>
    <TD style="HEIGHT: 31.5pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: gray 4.5pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<a name="_bclFooter347"></a><DIV>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman">350</FONT><FONT style="DISPLAY: none"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">345</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_348></A>
<a name="_bclPageBorder348"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader348"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">17.2 &#8211; Increase in capital stock </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
03/26/2018</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Board of
Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 03/26/2018</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
R$26,673,661.96</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
1,193,969</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> R$22.3403304128248 per share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment
conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Local
currency. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Criterion used
for determining the issue amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Stock Options
Plan approved on July 30, 2013. Said capital increase was made within the
authorized capital limit. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.046297%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
03/26/2018</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase: </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Board of
Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 03/26/2018</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
R$69,388,405.48</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
3,337,923</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> R$20.787898786731 per share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment
conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Local
currency. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Criterion used
for determining the issue amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Stock Options
Plan approved on July 30, 2013. Said capital increase was made within the
authorized capital limit. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.120381%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
03/27/2015</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Board of
Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 03/27/2015</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
R$11,621,474.73</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
631,373</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> R$18.40667043 per share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment
conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Local
currency. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Criterion used
for determining the issue amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Stock Options
Plan approved on July 30, 2013. Said capital increase was made within the
authorized capital limit. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.0201752%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
02/23/2015</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase: </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Board of
Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 02/23/2015</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
R$20,169,142.02</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
4,364,791</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> R$4.62087234 per share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment
conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Local
currency. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Criterion used
for determining the issue amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Stock Options
Plan approved on July 30, 2013. Said </FONT><a name="page_349"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">capital increase was made within the authorized capital
limit. </FONT></P>
<a name="_bclFooter348"></a><DIV>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman">351</FONT><FONT style="DISPLAY: none"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">346</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_349></A>
<a name="_bclPageBorder349"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader349"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.0350266%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
12/22/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase: </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Board of
Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 12/22/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
R$7,135,452.85</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
1,224,720</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> R$5.82619117 per share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment
conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Local
currency. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Criterion used
for determining the issue amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Stock Options
Plan approved on July 30, 2013. Said capital increase was made within the
authorized capital limit. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.0123933%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
12/01/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase: </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Board of
Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 12/01/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
R$18,968,607.98</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
2,296,939</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> R$8.258211 per share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment
conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
capitalization of amount of the Share-Based Payment Reserve.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Criterion used
for determining the issue amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Stock Options
Plan approved on July 30, 2013. Said capital increase was made within the
authorized capital limit. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.0329566%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
10/15/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase: </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Board of
Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 10/15/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
R$47,405,828.30</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
9,589,195</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> R$4.94367132 per share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment
conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Local
currency. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Criterion used
for determining the issue amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Stock Options
Plan approved on July 30, 2013. Said capital increase was made within the
authorized capital limit. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.0824322%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
09/17/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase: </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Board of
Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 09/17/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
R$18,129,871.22</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
4,991,736</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">347</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_350></A>
<a name="_bclPageBorder350"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader350"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> R$3.631977 per share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment
conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Local
currency. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Criterion used
for determining the issue amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Stock Options
Plan approved on July 30, 2013. Said capital increase was made within the
authorized capital limit. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.0315353%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
08/27/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase: </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Board of
Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 08/27/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
R$6,739,282.12</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
1,714,631</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> R$3.930456 per share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment
conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Local
currency. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Criterion used
for determining the issue amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Stock Options
Plan approved on July 30, 2013. Said capital increase was made within the
authorized capital limit. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.0117238%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
07/14/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase: </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Board of
Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 07/14/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
R$352,684,594.10</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
21,919,490</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> R$16.09 per share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment
conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
capitalization of 70% of the tax benefit earned by the Company due to the
partial amortization of the special goodwill reserve in the fiscal year 2013 in
local currency.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Criterion used
for determining the issue amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> closing price
on the B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o on January 31, 2014, or the date of
realization of the tax benefit arising from the partial amortization of the
special goodwill reserve in 2013, as provided for in article 170, paragraph 1,
item III, of Law 6404/76.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.61732305%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
05/14/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase: </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Board of
Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 05/14/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
R$11,060,735.67</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
4,712,662</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> R$2.347025 per share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Payment
conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Local
currency. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Criterion used
for determining the issue amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Stock Options
Plan approved on July 30, 2013. Said capital increase was made within the
authorized capital limit. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.019364%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">348</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_351></A>
<a name="_bclPageBorder351"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader351"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
04/28/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase: </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Extraordinary
Shareholders&#8217; Meeting</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 04/28/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase: R$93,547,390.11</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 0 (capital
increase without the issue of new shares)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Issue price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Not applicable (capital increase without the issue of
new shares)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Payment conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> capitalization of 30% of the tax benefit earned by the
Company due to the partial amortization of the special goodwill reserve in the
fiscal year 2013 without the issue of new shares. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Criterion used for determining the issue
amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Not applicable. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.164041%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
03/25/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase: </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Board of
Directors</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 03/25/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase: R$25,731,223.58</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 1,827,676
common shares.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Issue price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> R$14.079 per share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Payment conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Local currency. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Criterion used for determining the issue
amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Stock Options Plan approved on July 30, 2013. Said
capital increase was made within the authorized capital limit. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.045142%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
resolution:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
01/02/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Body that
resolved on the increase: </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Annual
Shareholders&#8217; Meeting</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Issue
date:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 01/02/2014</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total amount
of the increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
R$156,566.05</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of
securities issued:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> 62,596 common
shares.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Issue price:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> R$2.501214</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Payment conditions:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Merger of Ambev Brasil Bebidas S.A. into the Company,
resulting in the increase in the Company&#8217;s capital stock in an amount equivalent
to the portion of shareholders&#8217; equity of Ambev Brasil Bebidas S.A. that
corresponded to the investment of minority shareholders in Ambev Brasil Bebidas
S.A.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Criterion used for determining the issue
amount:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> Amount of capital increase divided by the number of
shares issued by the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Private or
public subscription:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
Private.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage
that the increase represents compared to the capital stock immediately prior to
the capital increase:</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
0.000275%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">349</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_352></A>
<a name="_bclPageBorder352"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader352"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">17.3 &#8211; Information on share splits, groupings and
bonuses</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable, since there were no share splits, groupings and bonuses in the last
three fiscal years.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">350</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_353></A>
<a name="_bclPageBorder353"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader353"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">17.4 - Decrease in capital stock</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Not
applicable, since the Company did not record any capital decrease in the last
three fiscal years. </FONT></P>
<P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">351</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_354></A>
<a name="_bclPageBorder354"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader354"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.5 &#8211; Other material information</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">In July 30,
2013, as a result of the Merger of Shares, the Company&#8217;s capital stock was
increased upon issue of 5,967,838,305 common, registered shares with no par
value, for a total issue price of R$97,054,801,577.56, of which
R$48,527,400,788.78 was allocated to capital stock, while the remaining amount
of R$48,527,400,788.78 was allocated for recording of the capital reserve,
through transfer of the total shares issued by Companhia de Bebidas das Am&#233;ricas
&#8211; Ambev to the Company, except for those owned by the Company.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">352</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_355></A>
<a name="_bclPageBorder355"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader355"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">18.1 &#8211; Share
Rights</FONT></B></FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Type of shares or CDA</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Common Shares</FONT></B></FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Right to
      dividends</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Pursuant
      to Law No. 6404/76, holders of the Company&#8217;s shares are entitled to
      receive dividends or other distributions related to said shares in
      proportion to their interest.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
      Company&#8217;s bylaws establish that a minimum of 40% of adjusted net income
      should distributed to the shareholders on a yearly basis as mandatory
      dividends, in accordance with article 202 of Law 6404/76.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Voting
      rights</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Full</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Convertibility</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">No</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Capital reimbursement
    rights</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Yes</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">If the
      Company goes into liquidation, shareholders shall be reimbursed in
      proportion to their equity interest, after the payment of all Company
      liabilities.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Shareholders who do not agree with certain
      resolutions adopted by the annual shareholders&#8217; meeting may withdraw from
      the Company, in accordance with Law No. 6404/76. For purposes of
      reimbursement, the value of the shares will be determined based on the
      value of shareholders&#8217; equity recorded in the last balance sheet approved
      by the annual shareholders' meeting, except for their right to request
      preparation of a special balance sheet. </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Tag along</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">As
      provided for in Law No. 6404/76, in case of direct or indirect disposal of
      the Company&#8217;s control, the buyer must hold a public offering for
      acquisition of shares with voting rights owned by the other shareholders,
      and ensure them a minimum price equal to 80% of the amount paid per share
      with voting rights held by the controlling shareholders. </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Circulation restrictions</FONT></B></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
      Manual on Disclosure and Use of Information and the Policy on the Trading
      of Securities Issued by Ambev S.A., approved by the board of directors,
      contain restrictions on the trading of securities issued by the Company by
      the persons and as described therein. </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">For
      further information on the Company&#8217;s Manual on Disclosure and Use of
      Information and the Policy on the Trading of Securities Issued by Ambev
      S.A., the persons connected to it, and its main provisions, see section 20
      of this Reference Form. </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">353</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_356></A>
<a name="_bclPageBorder356"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader356"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Conditions for changing the rights guaranteed by
      the securities</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">According to Law No. 6404/76, neither the Company&#8217;
      bylaws, nor the resolutions adopted by the annual shareholders meeting can
      deprive the shareholders of the following rights: (i) share in profits;
      (ii) share in the distribution of any assets in case of liquidation; (iii)
      supervise the Company&#8217;s management, in accordance with Law 6404/76; (iv)
      exercise preemptive rights on the subscription of shares, convertible
      debentures, and warrants, as provided for in Law 6404/76; and (v) withdraw
      from the Company in the situations provided for in Law 6404/76.</FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Possibility of redemption of
    shares</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">This is not applicable, as there are no situations
      of redemption of shares issued by the Company other than those provided
      for in the law. </FONT></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="26%">
      <P style="MARGIN: 0cm 0pt 10pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Other
      material characteristics</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="74%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 10pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">-</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">354</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_357></A>
<a name="_bclPageBorder357"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader357"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">18.2 -
Description of any statutory rules limiting the voting rights of significant
shareholders or requiring them to hold a public offering</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The Company&#8217;s
bylaws do not establish any specific rule limiting the voting rights of
significant shareholders or requiring them to hold a public offering.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">355</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_358></A>
<a name="_bclPageBorder358"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader358"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">18.3 -
Description of exceptions and suspensive clauses relating to equity or political
rights set forth in the by-laws</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">This is not
applicable, as there are no exceptions and suspensive clauses relating to equity
or political rights set forth in the Company&#8217;s bylaws.</FONT></P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">356</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_359></A>
<a name="_bclPageBorder359"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader359"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">18.4 - Trading
volume and highest and lowest price quotes of securities
traded</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 60pt">
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Quarter</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Security</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="MARGIN: 0cm 0pt 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Type/Class</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Market</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Administrative Body</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Financial volume traded (in
reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Highest quote (in reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Lowest quote (in reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Daily average of quotes (in
reais)</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 60pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Quote factor</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 45pt">
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/31/15</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%" align=left>
      <P style="MARGIN: 0cm 0pt 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%" align=left>
      <P style="MARGIN: 0cm 0pt 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Organized Over-the-Counter Market</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B3 S.A. &#8211; Brasil, Bolsa,
      Balc&#227;o</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">,,</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">11,982,275,000</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.21</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">14.18</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.14</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ per Unit</FONT></P></TD></TR>
  <TR style="HEIGHT: 45pt">
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/30/15</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%" align=left>
      <P style="MARGIN: 0cm 0pt 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%" align=left>
      <P style="MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Organized Over-the-Counter Market</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B3 S.A. &#8211; Brasil, Bolsa,
      Balc&#227;o</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">,,</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12,101,488,000</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.17</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.85</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.43</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ per Unit</FONT></P></TD></TR>
  <TR style="HEIGHT: 45pt">
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">09/30/15</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Organized Over-the-Counter Market</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B3 S.A. &#8211; Brasil, Bolsa,
      Balc&#227;o</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">,,</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">15,937,647,000</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.36</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.53</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.70</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ per Unit</FONT></P></TD></TR>
  <TR style="HEIGHT: 45pt">
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/15</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Organized Over-the-Counter Market</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B3 S.A. &#8211; Brasil, Bolsa,
      Balc&#227;o</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">,,</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">14,018,211,000</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.88</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">16.51</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">17.58</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ per Unit</FONT></P></TD></TR>
  <TR style="HEIGHT: 45pt">
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/31/16</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Organized Over-the-Counter Market</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B3 S.A. &#8211; Brasil, Bolsa,
      Balc&#227;o</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">,,16,529,872,000</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.18.22</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.15.19</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">16.90</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ per Unit</FONT></P></TD></TR>
  <TR style="HEIGHT: 45pt">
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/30/16</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Organized Over-the-Counter Market</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B3 S.A. &#8211; Brasil, Bolsa,
      Balc&#227;o</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">,,15,451,142,000</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18.46</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">17.14</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">17.80</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ per Unit</FONT></P></TD></TR>
  <TR style="HEIGHT: 45pt">
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">09/30/16</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Organized Over-the-Counter Market</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B3 S.A. &#8211; Brasil, Bolsa,
      Balc&#227;o</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">,,14,675,110,000</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.19.01</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.17.68</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18.41</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ per Unit</FONT></P></TD></TR>
  <TR style="HEIGHT: 45pt">
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/16</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Organized Over-the-Counter Market</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B3 S.A. &#8211; Brasil, Bolsa,
      Balc&#227;o</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">14,,964,140,000</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.18.73</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.15.34</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.17.00</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ per Unit</FONT></P></TD></TR>
  <TR style="HEIGHT: 45pt">
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">03/31/17</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Organized Over-the-Counter Market</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B3 S.A. &#8211; Brasil, Bolsa,
      Balc&#227;o</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">11,569,677,000</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.17.79</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">15.81</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.16.84</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ per Unit</FONT></P></TD></TR>
  <TR style="HEIGHT: 45pt">
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">06/30/17</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Organized Over-the-Counter Market</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B3 S.A. &#8211; Brasil, Bolsa,
      Balc&#227;o</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">,,16,979,247,000</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.19.29</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">17.15</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">18.01</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ per Unit</FONT></P></TD></TR>
  <TR style="HEIGHT: 45pt">
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">09/30/17</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Organized Over-the-Counter Market</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B3 S.A. &#8211; Brasil, Bolsa,
      Balc&#227;o</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">14,,745,515,000</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.21.13</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.17.46</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.19.34</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ per Unit</FONT></P></TD></TR>
  <TR style="HEIGHT: 45pt">
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">12/31/17</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Shares</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Organized Over-the-Counter Market</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">B3 S.A. &#8211; Brasil, Bolsa,
      Balc&#227;o</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">17,741,081,000</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.21.73</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.19.84</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 12pt 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.20.61</FONT></P></TD>
    <TD style="HEIGHT: 45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$ per Unit</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 12pt 0pt 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">* Historical price adjusted to reflect
payments of interest on shareholders&#8217; equity and dividend distributions.
</FONT></I></P><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"></FONT>
<P style="MARGIN: 12pt 0pt 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">357</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_360></A>
<a name="_bclPageBorder360"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader360"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face="times new roman">18.5 &#8211; Description of other securities issued in Brazil,
rather than shares, which are not overdue or redeemed. </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="28%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a.
      security identification </FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">First
      (1<SUP>st</SUP>) issue of unsecured non-convertible debentures, in a
      single series, of Ambev S.A., (&#8220;Issuer&#8221;). </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="28%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b.
      quantity </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">One thousand (1,000) debentures</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="28%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c.
      global par value</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Total
      issue amount: One billion reais (R$1,000,000,000.00) on the Issue Date.
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="28%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">d. Issue
      date </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">October
      30, 2015</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="28%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">e. debt
      balance outstanding on the closing date of the last fiscal
      year</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">R$1,022,788,190.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="28%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">f.
      circulation restrictions </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The debentures should only be traded among
      qualified investors, as defined in article 9-B of CVM Instruction 539,
      after ninety (90) days as from the date of subscription or acquisition by
      Professional Investors, in accordance with articles 13 and 15 of CVM
      Instruction 476, and the Issuer must comply with article 17 of said
      instruction, while the trading of Debentures should always comply with
      applicable legal and regulatory provisions. </FONT></P></TD></TR>
  <TR style="HEIGHT: 103.25pt">
    <TD style="HEIGHT: 103.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="28%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">g.
      Convertibility into shares, or granting of rights to subscribe or purchase
      issuer&#8217;s shares giving: (i) the conditions; and (ii) the effects on
      capital stock </FONT></B></P></TD>
    <TD style="HEIGHT: 103.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">N/A</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="28%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">h.
      possibility of redemption, giving (i) redemption circumstances; and (ii)
      calculation of redemption amount </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
      Issuer may, at its own discretion and at any time, and as long as legally
      allowed, hold an offering for early redemption, in whole or in part, with
      subsequent cancellation of such Debentures, and addressed to all debenture
      holders, with no distinction and ensuring equal conditions to all
      debenture holders, for them to accept the early redemption of the
      Debentures they hold, pursuant to the terms and conditions set forth in
      section 6.16 of the Deed of Issue (&#8220;Early Redemption Offering&#8221;). The
      amount to be paid for each Debenture indicated by their respective holders
      in response to the Early Redemption Offering will be equivalent to the
      outstanding balance of the Par Value per Unit, plus (a) earnings,
      calculated on a </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">pro rata
      temporis</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> basis,
      as from the Date of the First Payment or the immediately preceding Date of
      Payment of Earnings, as the case may be, until the effective payment date;
      and (b) as the case may be, an early redemption premium offered to
      debenture holders, at the sole discretion of the Issuer. </FONT></P></TD></TR>
  <TR style="HEIGHT: 10.8pt">
    <TD style="HEIGHT: 10.8pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" rowSpan=2 width="28%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">debt
      securities</FONT></B></P></TD>
    <TD style="HEIGHT: 10.8pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Maturity</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> October
      30, 2021</FONT></P></TD></TR>
  <TR style="HEIGHT: 48.9pt">
    <TD style="HEIGHT: 48.9pt; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Earnings</FONT></U></P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debentures will be entitled to compound interest on
      the Par Value per Unit equivalent to fourteen point four hundred
      seventy-six thousandths percent (14.476%) per annum, based on two hundred
      and fifty-two (252) Business Days, calculated </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">pro rata temporis</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, in accordance with the formula defined in section
      6.12 of the Deed of Issue (&#8220;Earnings&#8221;). Should the Debentures rating
      change, the Interest Rate, as provided for in the Earnings formula, will
      also be increased or reduced, in accordance with the rating provided for
      in the most recent risk ratings report, as indicated in the table included
      in section 6.12.4 of the Deed of Issue, as from the first day of the
      Capitalization Period subsequent to the Capitalization Period in which the
      change occurred, and amendment to the Deed of Issue will not be
      required.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">358</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_361></A>
<a name="_bclPageBorder361"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader361"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face=Calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="28%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">j.
      Conditions for changing the rights guaranteed by the securities
      </FONT></B></P>
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The resolutions below regarding the characteristics
      of the Debentures that may be proposed exclusively by the Issuer will
      depend on the approval by Debenture Holders representing ninety percent
      (90%) of the Debentures outstanding plus one debenture, whether on first
      call for the Annual Debenture Holders&#8217; Meeting, or any subsequent meeting:
      the provisions set forth in section 9.13 of the Deed of Issue; (ii) any of
      the quorums provided for in the Deed of Issue; (iii) the Earnings on the
      Debentures; (iv) any payment dates of any amounts provided for in the Deed
      of Issue; (v) the maturity of Debentures; (vi) the type of Debentures;
      (vii) the creation of a renegotiation event; (viii) amounts and dates of
      repayment of the principal of Debentures; (ix) change in any Early
      Maturity Event provided for in section 6.18 of the Deed of Issue, and (x)
      change in the additional obligations of the Issuer provided for in Section
      Seven. </FONT></P>
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The resolutions regarding the permanent or
      temporary waiver of Early Maturity Events will depend on the approval by
      Debenture Holders representing (i) ninety percent (90%) of the Debentures
      outstanding, plus one debenture, whether on first call for the Annual
      Debenture Holders&#8217; Meeting, or any subsequent meeting related to Automatic
      Maturity Events; (ii) ninety percent (90%) of the Debentures outstanding,
      plus one debenture, whether on first call for the Annual Debenture
      Holders&#8217; Meeting, or any subsequent meeting related to Non Automatic
      Maturity Events (a), (b), (e), (f) and (h); and (iii) two thirds (2/3) of
      the Debentures outstanding, whether on first call for the Annual Debenture
      Holders' Meeting, or any subsequent meeting related to Non Automatic
      Maturity Events (c), (d) and (g).</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="28%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">k. Other
      material characteristics </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="72%">
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
      Issue complied with article 1 of Law 12431 of June 24, 2011, as amended.
      In case the Debentures no longer satisfy certain characteristics set forth
      in Law 12431, there is no assurance that they will continue to receive the
      special tax treatment provided for in said law. For further information,
      see section 18.10 of this reference form and the Deed of Issue of
      Debentures, as amended (&#8220;Deed of Issue&#8221;), available on the CVM website.
      The terms in capital letters used in this table 18.5 and not defined
      herein will have the meaning attributed to them in the Deed of
      Issue.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.5-A &#8211; Number of holders of each security type set
forth in item 18.5, as ascertained in the end of the previous year,
namely:</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On May 15, 2018, there were 36 institutional investors
and 1 entity holding debentures issued by the Company. </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">359</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_362></A>
<a name="_bclPageBorder362"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader362"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.6 - Brazilian markets where the securities are
traded</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Common shares issued by the Company have been admitted
for trading on B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o under code ABEV3 since November
11, 2013.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The debentures of the first (1<SUP>st</SUP>) issue of the
Company are traded on the CETIP 21 - T&#237;tulos e Valores Mobili&#225;rios module, which
has been managed and operated by CETIP S.A. &#8211; Mercados Organizados since
November 4, 2015. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 11pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">360</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_363></A>
<a name="_bclPageBorder363"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader363"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.7 - Information on the class and type of security
traded on foreign markets</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company sponsors the American Depositary Receipts
Level 2 Program (&#8220;ADRs Program&#8221;) approved by CVM pursuant to CVM/SRE/GER-2
Official Letter No. 450/2013, of October 31, 2013. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The subject matter of the ADRs Program are deposit
certificates representing common, registered, book-entry shares with no par
value issued by the Company (&#8220;ADRs&#8221;). Each ADR represents 1 common share issued
by the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">ADRs are registered with the entity that regulates the US
capital market, that is, the Securities and Exchange Commission (SEC), and they
are traded on the New York Stock Exchange</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8211; NYSE</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">.</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The information below refers to the Company&#8217;s ADRs
Program:</FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">a.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 105%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">Country </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">United States</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">b.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 105%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">Market</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Secondary</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">c.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 105%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">Entity that manages the market where the securities are
traded</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">New York Stock Exchange &#8211; NYSE</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">d.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 105%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">Date admitted for trading</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">November 11, 2013</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">e.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 105%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">Give the trading segment, if any</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">American Depositary Receipts</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">- ADR Level 2 Program. This is a program listed on a US
exchange without the issue of new shares. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">f.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 105%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">Commencement date of listing on the
segment</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">November 11, 2013</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">g.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 105%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">Percentage of trading volume abroad in relation to the
total trading volume of each class and type in the last financial
year</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In regard to common shares, 38.1% were traded on the
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">B3</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, while 61.9% were trade on the New York Stock Exchange &#8211;
NYSE.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">h.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 105%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">Proportion, if any, of certificates of deposit abroad in
relation to each class and type of shares</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">1 ADR represents 1 common share issued by the Company.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">i.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 105%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">Depositary bank, if any. </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Bank of New York Mellon</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 32.2pt; TEXT-INDENT: -18pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">j.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 105%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%" face="times new roman">Custodian, if any.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Banco Bradesco S.A. </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">361</FONT></P></DIV>
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<a name="_bclPageBorder364"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader364"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.8 - Material securities issued abroad</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company has no material securities issued abroad.
</FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">362</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclPageBorder365"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader365"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.9 &#8211; Public offerings for distribution undertaken by
the issuer or by third parties, including parent companies, affiliates and
subsidiaries, for securities of the issuer</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="POSITION: relative; TOP: -2pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In October 2015, the Company carried out the first
(1<SUP>st</SUP>) issue of unsecured non-convertible debentures, in a single
series, which were publicly distributed with restricted placement efforts, in
accordance with CVM Instruction No. 476, as amended, in the amount of R$1
billion. The Issue was performed in accordance with article 1 of Law 12431 of
June 24, 2011, as amended. For further information on said debentures, see item
18.5 above. </FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">363</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclPageBorder366"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader366"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.10 &#8211; Public offerings for distribution of
securities</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
how the proceeds from the offering were used</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In October 2015, the Company carried out the first
(1<SUP>st</SUP>) issue of unsecured non-convertible debentures, in a single
series, which were publicly distributed with restricted placement efforts, in
accordance with CVM Instruction No. 476, as amended, in the amount of R$1
billion. The Issue was performed in accordance with article 1 of Law 12431 of
June 24, 2011, as amended (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Law 12431</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&#8221;). </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Pursuant to the &#8220;Private Deed of the 1<SUP>st</SUP> Issue
of Unsecured Non-convertible Debentures, Single Series, for Public Distribution
with Restricted Placement Efforts of Ambev S.A.,&#8221; as amended (&#8220;Deed of Issue&#8221;),
and article 1 of Law 12431, the net proceeds obtained by the Company from the
issue will be exclusively allocated to investment projects (including
reimbursements, pursuant to Law 12431) included in the scope of the Company&#8217;s
investment plan (capex), as described in Exhibit I to the Deed of Issue.
</FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
if there were any material differences between the actual use of the proceeds
and the proposed use of the proceeds reported in the applicable offering
circulars</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable. </FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
in the event a difference has occurred, the reasons for it</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable.</FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">364</FONT></P></DIV>
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<a name="_bclHeader367"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.11 - Description of public offerings for acquisition
held by the issuer in respect of shares issued by third parties</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable, since there were no public offerings for
acquisition held by the issuer in respect of shares issued by third parties in
the last three fiscal years. </FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">365</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_368></A>
<a name="_bclPageBorder368"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader368"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">18.12 &#8211; Other material information</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Additional information regarding the first
(1<SUP>st</SUP>) issue of unsecured non-convertible debentures, in a single
series, of Ambev S.A. (table 18.5 above)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the occurrence of the events below, the Trustee should
take action according to the terms indicated in the Deed of Issue. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Automatic Early Maturity Events:</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">default of the Issuer, regarding monetary obligations due
to Debenture Holders pursuant to the Deed of Issue, on the relevant date of
payment, and not remedied within two (2) Business Days as from the date of the
default;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">assignment, promise to assign, or any form of transfer,
or promise to transfer to third parties, in whole or in part, by the Issuer, of
the obligations provided for in the Deed of Issue, except when previously
authorized by Debenture Holders, in the Annual Debenture Holders' Meeting (as
defined below), representing ninety percent (90%) of the Debentures Outstanding
(as defined below) plus one Debenture;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">liquidation, dissolution or winding up of the Issuer,
except when the liquidation, dissolution or winding up results from corporate
transactions other than Non Automatic Early Maturity Events, as provided for in
the Deed of Issue; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">d)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i) adjudication of bankruptcy of the Issuer and/or any
Material Subsidiary; (ii) voluntary bankruptcy requested by the Issuer and/or
any Material Subsidiary; (iii) request for bankruptcy by the Issuer and/or any
Material Subsidiary, made by third parties, not suppressed in the legal term; or
(iv) filing for judicial reorganization or extrajudicial reorganization of the
Issuer and/or any Material Subsidiary, regardless of approval; and</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">e)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">change in the corporate classification of the Issuer, so
that it ceases to be a publicly-held company, pursuant to article 220 of the
Brazilian Corporate Law.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non Automatic Early Maturity Events:</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">default of the Issuer, regarding the non-monetary
obligations provided for in the Deed of Issue, and not remedied within sixty
(60) days as of the date on which the Issuer has become aware of the default.
This term is not applicable to obligations for which a specific remediation term
has been specified, or to other Early Maturity Events; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">default or default event by the Issuer or any Material
Subsidiary not remedied within the relevant remediation term, as applicable,
regarding any contracts, instruments or documents that may evidence Indebtedness
(as defined below) in an amount equal to or greater than One hundred, fifty
million US dollars (US$ 150,000,000.00) or the equivalent amount in other
currencies, to the extent that such default or default event may result in the
early maturity of said Indebtedness; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">decrease in the Issuer&#8217;s capital, except when (i)
previously authorized by the Debenture Holders, during the Annual Debenture
Holders Meeting (as defined below), representing at least the majority of
Debentures Outstanding (as defined below), as provided for in article 174,
paragraph 3, of the Brazilian Corporate Law, or (ii) the capital decrease being
carried out with the purpose of lessening the losses accrued; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">d)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">change in the corporate purpose of the Issuer, as
provided for in the bylaws in force on the Issue Date, in such a way that, as a
result of the change, the Issue is unable to develop Investment
Projects;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">e)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">evidence that the representations made by the Issuer in
the Deed of Issue are false or incorrect in any material aspects;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">f)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">lack of compliance, by the Issuer, with the obligations
arising from final and non appealable court decisions and/or final and &nbsp;non
appealable arbitration awards against the Issuer, that may have a Material
Adverse Effect (as defined below), except when said obligation is secured by
sufficient assets of </FONT><a name="page_369"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">the
Issuer, surety bonds or letters of guarantee, as long as said collaterals are
accepted by the relevant courts, or in the scope of the arbitration proceeding;
or</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">366</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">g)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">spin-off, merger, consolidation (only when the Issuer is
merged into another company) or merger of shares (only when the Issuer&#8217;s stock
is merged into another company&#8217;s), as long as the transaction may result in the
lowering by two notches or more of the risk rating of the Debentures, taking
into account the last report released by the Risk Ratings Agency, pursuant to
the Deed of Issue, except: (i) if previously authorized by the Debenture
Holders, in the Annual Debenture Holders Meeting, representing two thirds (2/3)
of the Debentures Outstanding; or (ii) if Debenture Holders wishing to do so are
assured, during a minimum term of six (6) months as from the date of publication
of the minutes of the corporate acts regarding the transaction, the redemption
of the Debentures held by them, upon the payment of the Par Value per Unit, or
the balance thereof, plus Earnings applicable, calculated </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">pro
rata temporis</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> as from the
Date of the First Payment or the Date of Payment of the Earnings immediately
preceding, as the case may be, until the date of payment; or (iii) if, regarding
spin-off, merger or consolidation (including merger of shares), the company that
receives the shares (in case of spin-off), the successor (in case of merger or
consolidation), or the company into which the shares are merged(in case of
merger of shares) is a direct or indirect subsidiary of a company that belongs
to the economic group of the Issuer; and</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">h)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">cancellation of the registration of the Debentures with
CETIP, and non-obtainment, within thirty (30) days, of a new registration with
other market entities that may provide custody and trading services regarding
the Debentures.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Collateral</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Debentures are not secured by collateral. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Restrictions imposed on the Issuer regarding (i) the
distribution of dividends; (ii) the disposal of certain assets; (iii) the
contracting of new debts; and (iv) the performance of corporate transactions
involving the issuer, the controlling shareholders or the subsidiaries.
</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">There are no other restrictions imposed on the Company
pursuant to the Deed of Issue regarding such issues, without prejudice of the
aforementioned Automatic and Non Automatic Early Maturity Events. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><U><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Trustee</FONT></U></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Simplific Pavarini Distribuidora de T&#237;tulos e Valores
Mobili&#225;rios Ltda.</FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Core activities of the Trustee</FONT></U></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In addition to other duties and attributions provided for
in the law, in CVM rulings, or in the Deed of Issue, the Trustee&#8217;s core
activities include:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;protecting the rights and interests of the
Debenture Holders, using, in the exercise of their duties, the care and
diligence required from all active and honest persons in the management of their
own property;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;waiving their functions in case of conflicts of
interest or ineptitude; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;safeguarding all books, correspondence and other
documents relating to the exercise of their functions;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(d)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;checking, upon the acceptance of their duties, the
truthfulness of information contained in the Deed of Issue, working on the
remediation of any omissions, failures or errors they may be aware
of;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(e)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;monitoring compliance with the frequency of
provision of mandatory information, warning the Debenture Holders about any
omissions or untruthfulness of such information;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(f)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;calling, pursuant to the Deed of Issue, the Annual
Debenture Holders Meeting, by publishing a notice at least three (3) times in
the press media in which the Issuer usually publishes its information, at the
Issuer&#8217;s expense;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(g)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;attending the Annual Debenture Holders Meeting to
provide the information requested;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(h)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;preparing annual reports addressed to the Debenture
Holders, pursuant to line (b) of paragraph 1 of article 68 of the Brazilian
Corporate Law, regarding the Issuer's fiscal years, pursuant to applicable
</FONT><a name="page_370"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">legislation; </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">367</FONT></P></DIV>
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<a name="_bclHeader370"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;making available to the Debenture Holders the
report mentioned in the above item within no more than four (4) days as from the
end of the fiscal year of the Issuer; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(j)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;updating the list of Debenture Holders and their
addresses, also by requesting information to the Issuer, the Settlement Bank,
the Bookkeeper and the CETIP;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(k)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;supervising compliance with clauses included in the
Deed of Issue and all those imposing affirmative and negative covenants.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(l)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;sending an individual notice to all Debenture
Holders, no later than two (2) Business Days after the Trustee has been informed
about the event, about the Issuer&#8217;s non-compliance with any obligations
undertaken in the Deed of Issue, informing the place where the interested
persons may get further information, and sending a communication with the same
content to CVM and CETIP; and</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(m)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;issuing an opinion about the sufficiency of
information in the proposals to change the conditions of the Debentures.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Trustee Compensation</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Four-monthly installments paid in arrears, in the amount
of three thousand, five hundred reais (R$3,500.00), due until the full
settlement of the Debentures. Such amount is to be updated from the date of
issue by the Extended Consumer Price Index - IPCA (&#8220;IPCA&#8221;). </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">368</FONT></P></DIV>
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<a name="_bclHeader371"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19.1 - Information on the repurchase of shares by the
issuer</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In the last three fiscal years, the Company&#8217;s Board of
Directors approved the following repurchase plans:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 5pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
      Approval of the Plan</FONT></I></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">02/25/2015</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number
      of shares estimated in the Plan</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">up to the limit of 60,000,000 common
      shares</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number
      of shares outstanding upon approval of the Plan</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">4,454,467,634 common shares</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage against total shares outstanding upon
      approval of the Plan</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">1.35%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Repurchase period established in the
      Plan</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">240 days as from the date of approval, maturing on
      October 23, 2015</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Reserves
      and income available for repurchasing</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Capital reserve reported in the balance sheet as of
      December 31, 2014, up to the total amount of
  R$850,000,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Other
      material characteristics of the Plan</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The plan to repurchase shares issued by the
      Company, which will be held in Treasury for possible cancellation or
      disposal later on, was approved pursuant to Article 21, &#8220;u&#8221; of the
      Company&#8217;s bylaws; Article 30, paragraph 1, &#8220;b&#8221;, of Law No. 6404/76; and
      CVM Instruction No. 10/80, as amended, as a means to maximize the
      generation of value for shareholders through the efficient management of
      the Company&#8217;s capital structure. </FONT></P>
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
      following financial institutions were authorized to operate as
      intermediaries in this transaction: (i) Agora CTVM S/A, Praia de Botafogo,
      300, Sala 601, E 301, Rio de Janeiro - RJ, CEP 22250-040, (ii) Brasil
      Plural CCTVM S/A, R. Surubim, 373 T&#233;rreo, Conjuntos 01 - Parte e 02 &#8211;
      Parte, S&#227;o Paulo &#8211; SP, CEP 04571-050, (iii) </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">Credit Suisse Brasil S.A.
      CTVM,</FONT><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> R. Leopoldo Couto de Magalh&#227;es Junior, 700, 10&#176;
      andar (Parte) e 12&#176; a 14&#176; andares (Partes), S&#227;o Paulo &#8211; SP, CEP 04542-000,
      (iv) </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">Deutsche Bank-CV S/A</FONT><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, Av.
      Brig. Faria Lima, 3900, 13&#186; andar. (Pte), Ed. Birmann, 31, S&#227;o Paulo &#8211; SP,
      CEP 04538-132, (v) Fator S.A. CV, R. Dr. Renato Paes de Barros, 1.017, 11&#176;
      e 12&#176; Andares, S&#227;o Paulo &#8211; SP, CEP 04530-001, (vi) Icap Do Brasil CTVM
      Ltda., Av. das Am&#233;ricas, 3500, Andar 2, Sala 201, 202, 203, 204 Sala 205,
      219 e 220, Rio De Janeiro - RJ, CEP 22640-102, (vii) </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">Ita&#250; CV S/A</FONT><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, Av.
      Faria Lima, 3500, 3&#186; Andar, Parte, S&#227;o Paulo &#8211; SP, CEP 04538-132, (viii)
      </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">J.P. Morgan CCVM S.A.</FONT><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, Av.
      Brig. Faria Lima, 3.729, 13&#186; Andar (Parte), S&#227;o Paulo &#8211; SP, CEP 04538-905,
      (ix) </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">Merrill Lynch S/A
      CTVM,</FONT><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Av. Brig. Faria Lima, 3400, Conjunto 161, Parte A,
      S&#227;o Paulo &#8211; SP, CEP 04538-132, (x) </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">Renascen&#231;a DTVM Ltda</FONT><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">., Al.
      Santos, 1940, 12&#186; Andar, S&#227;o Paulo &#8211; SP, CEP 01418-102, (xi) </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">Santander CCVM S/A</FONT><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">, Av.
      Pres. Juscelino Kubitschek, 2041, 2235, Parte, 24&#186; Andar, S&#227;o Paulo &#8211; SP,
      CEP 04543-011, (xii) </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">UBS Brasil CCTVM S/A,</FONT><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Av.
      Faria Lima, 4.440 7&#176; Andar Parte, S&#227;o Paulo &#8211; SP, CEP 04538-132, (xiii)
      </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%" color=windowtext face="times new roman">XP Investimentos CCTVM
      S/A,</FONT><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman"> Av. das Am&#233;ricas, 3434, Bloco 7, 2&#186; Andar, Salas
      201 a 208, Rio de Janeiro &#8211; RJ, CEP 22631-003, (xiv) Itau Securities Inc,
      767 Fifth Avenue, 50th Floor, New York - NY 10153, (xv) Agora Securities
      Corp., New York, 110 East 55th Street 18&#176; Andar, New York, Zip Code
      10022.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of shares purchased</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">43,710,127</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Weighted average purchase
    price</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">18.97</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage of shares purchased against total shares
      approved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">72.85%</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">369</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_372></A>
<a name="_bclPageBorder372"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader372"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Date of
      Approval of the Plan</FONT></I></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">08/28/2015</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number
      of shares estimated in the Plan</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">up to the limit of 60,000,000 common
      shares</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number
      of shares outstanding upon approval of the Plan</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">4,353,658,430 common shares</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage against total shares outstanding upon
      approval of the Plan</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">1.38%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Repurchase period established in the
      Plan</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">240 days as from the date of approval, maturing on
      April 24, 2016</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Reserves
      and income available for repurchasing</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Capital reserve reported in the balance sheet as of
      December 31, 2014, up to the total amount of
  R$850,000,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Other
      material characteristics of the Plan</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The plan to repurchase shares issued by the
      Company, which will be held in Treasury for possible cancellation or
      disposal later on, was approved pursuant to Article 21, &#8220;u&#8221; of the
      Company&#8217;s bylaws; Article 30, paragraph 1, &#8220;b&#8221;, of Law No. 6404/76; and
      CVM Instruction No. 10/80, as amended, as a means to maximize the
      generation of value for shareholders through the efficient management of
      the Company&#8217;s capital structure. </FONT></P>
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
      <P style="MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">The
      following financial institutions were authorized to operate as
      intermediaries in this transaction: (i) Agora CTVM S/A, Praia de Botafogo,
      300, Sala 601, E 301, Rio de Janeiro - RJ, CEP 22250-040, (ii) Brasil
      Plural CCTVM S/A, R. Surubim, 373 T&#233;rreo, Conjuntos 01 - Parte e 02 &#8211;
      Parte, S&#227;o Paulo &#8211; SP, CEP 04571-050, (iii) Credit Suisse Brasil S.A.
      CTVM, R. Leopoldo Couto de Magalh&#227;es Junior, 700, 10&#176; andar (Parte) e 12&#176;
      a 14&#176; andares (Partes), S&#227;o Paulo &#8211; SP, CEP 04542-000, (iv) Deutsche
      Bank-CV S/A, Av. Brig. Faria Lima, 3900, 13&#186; andar. (Pte), Ed. Birmann,
      31, S&#227;o Paulo &#8211; SP, CEP 04538-132, (v) Fator S.A. CV, R. Dr. Renato Paes
      De Barros, 1.017, 11&#176; e 12&#176; Andares, S&#227;o Paulo &#8211; SP, CEP 04530-001, (vi)
      Icap Do Brasil CTVM Ltda., Av. das Am&#233;ricas, 3500, Andar 2, Sala 201, 202,
      203, 204 Sala 205, 219 e 220, Rio De Janeiro - RJ, CEP 22640-102, (vii)
      Ita&#250; CV S/A, Av. Faria Lima, 3500, 3&#186; Andar, Parte, S&#227;o Paulo &#8211; SP, CEP
      04538-132, (viii) J.P. Morgan CCVM S.A., Av. Brig. Faria Lima, 3.729, 13&#186;
      Andar (Parte), S&#227;o Paulo &#8211; SP, CEP 04538-905, (ix) Merrill Lynch S/A CTVM,
      Av. Brig. Faria Lima, 3400, Conjunto 161, Parte A, S&#227;o Paulo &#8211; SP, CEP
      04538-132, (x) Renascen&#231;a DTVM Ltda., Al. Santos, 1940, 12&#186; Andar, S&#227;o
      Paulo &#8211; SP, CEP 01418-102, (xi) Santander CCVM S/A, Av. Pres. Juscelino
      Kubitschek, 2041, 2235, Parte, 24&#186; Andar, S&#227;o Paulo &#8211; SP, CEP 04543-011,
      (xii) UBS Brasil CCTVM S/A, Av. Faria Lima, 4.440 7&#176; Andar Parte, S&#227;o
      Paulo &#8211; SP, CEP 04538-132, (xiii) XP Investimentos CCTVM S/A, Av. das
      Am&#233;ricas, 3434, Bloco 7, 2&#186; Andar, Salas 201 a 208, Rio de Janeiro &#8211; RJ,
      CEP 22631-003, (xiv) Itau Securities Inc, 767 Fifth Avenue, 50th Floor,
      New York - NY 10153, (xv) Agora Securities Corp., New York, 110 East 55th
      Street 18&#176; floor, New York, Zip Code 10022.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Number of shares purchased</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">5,454,202</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Weighted average acquisition
      price</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">18.87</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="38%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage of shares purchased against total shares
      approved</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="62%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 10pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">9.09%</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">370</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_373></A>
<a name="_bclPageBorder373"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader373"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19.2 &#8211; In relation to the shares held in Treasury, give,
in table form, and segregated by type, class and nature:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Year: 01/01/2017 to 12/31/2017</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Security</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">: Share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Nature</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">: Common</FONT></P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="27%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Initial
      Quantity</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="48%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">16,512,491</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top rowSpan=2 width="27%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Shares purchased </FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="48%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">7,830,472</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="48%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Weighted
      Average Price (R$)</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">18.12</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top rowSpan=2 width="27%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Shares
      Sold</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="48%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">16,948,926</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="48%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Weighted
      Average Price (R$)</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">18.58</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="27%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Cancellations</FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="48%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">0</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top rowSpan=2 width="27%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Final Quantity</FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="48%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">7,394,037</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="48%">
      <P style="MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage against the securities outstanding of
      the same class and nature</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">
      <P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">0.0471%</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Year: 01/01/2016 to 12/31/2016</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Security: Share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Nature: Common</FONT></P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Initial
      Quantity</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">32,520,980</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top rowSpan=2 width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Shares purchased </FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">3,196,848</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Weighted
      Average Price (R$)</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">18.59</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top rowSpan=2 width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Shares
      Sold</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">19,205,337</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Weighted
      Average Price (R$)</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">18.96</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Cancellations</FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top rowSpan=2 width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Final Quantity</FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">16,512,491</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage against the securities outstanding of
      the same class and nature</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">0.1052%</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Fiscal Year: 01/01/2015 to 12/31/2015</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Security: Share</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Nature: Common</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Initial
      Quantity</FONT></B></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">417,420</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top rowSpan=2 width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Shares purchased </FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">48,949,937</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Weighted
      Average Price (R$)</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">18.96</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top rowSpan=2 width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Shares
      Sold</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">16,846,377</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Weighted
      Average Price (R$)</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">18.84</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Cancellations</FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">0</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top rowSpan=2 width="25%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Final Quantity</FONT></B></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Quantity</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">32,520,980</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="46%">
      <P style="MARGIN: 0cm 0cm 10pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">Percentage against the securities outstanding of
      the same class and nature</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">0.2073%</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">371</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_374></A>
<a name="_bclPageBorder374"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader374"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">19.3 &#8211; Other material information </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On May 16, 2017, the Board of Directors authorized the
Company or its subsidiaries to enter into agreements for the exchange of results
of future financial flows with financial settlement (Equity Swap), with an
exposition of up to 80 million common shares (of which part or all may refer to
ADRs), limited to R$ 2,3 billion. Such agreements shall be settled within 18
months as from the approval of the Board of Directors.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On December 21, 2017, the Board of Directors authorized
the Company or its subsidiaries to contract new Equity Swap transactions,
without prejudice to the settlement of the other previously approved operations,
within the terms contracted. The new agreements may involve an exposure of up to
44 million common shares (of which part or all may be through ADRs), limited to
R$820 million and, added the balances of the agreements entered into within the
context of the approval of May 16, 2017 and not yet settled, do not reach the
limit set forth in article 8 of CVM Instruction No. 567/15.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">On May 15, 2018, the Company&#8217;s Board of Directors
approved the execution, by the Company or its subsidiaries, of new agreements
for the exchange of results of future financial flows with equity swap, without
prejudice to settlement, within the regulatory term, of the agreements still in
force, the execution of which was authorized in the meetings of the Board of
Directors of May 16, 2017 and December 21, 2017, as mentioned above. Such
agreements may involve exposure to up to 80 million common shares (of which part
or all may be through ADRs), with a limit amount of up to R$1.8 billion and e,
together with the balance of agreements already entered into in the context of
approvals of May 16, 2017 and December 21, 2017 and not yet settled may result
in exposure equivalent to up to 122,242,125 common shares.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">372</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_375></A>
<a name="_bclPageBorder375"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader375"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="POSITION: relative; TOP: 0.5pt" face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20.1 &#8211; Information about the securities trading
policy</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">a. Body responsible for the policy approval and Date of
approval</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Board of Directors approved the Manual in meeting
held on March 1, 2013; with adjustments approved in meetings held on August 27,
2014 and March 28, 2016.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">b. Connected Persons</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In respect to securities trading (&#8220;Trading Policy&#8221;), the
&#8220;Manual of Disclosure and Use of Information and Policy on the Trading of
Securities Issued by Ambev S.A.&#8221; (&#8220;Manual&#8221;) binds the following persons: the
Company itself; (ii) the managers, controlling shareholders, members of the
fiscal council, employees and officers who have access to material information
and are members of other bodies with technical or advisory functions; (iii) the
subsidiaries; (iv) </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">anyone who, by virtue of their office, function or
position in the Company&#8217;s </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">controlling shareholder,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> or in its subsidiaries or affiliates, has knowledge
about information on material acts or facts involving the Company</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">, until such act or fact is disclosed to the market; and
(v) former managers of the Company, under the conditions provided for in the
item below (&#8220;Persons&#8221;). </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">c. Main characteristics</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Previous Authorization</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Despite the provisions set forth in the Trading Policy,
the trading of securities issued by the Company by Connected Persons must be
previously authorized by the Company&#8217;s Investor Relations Officer and the Legal
Counsel. This procedure is not applicable to the trading of shares issued by the
Company under the individual investment plans provided for in the Trading Policy
The Company must keep the records of all correspondences regarding requests
received, as well as the responses for such requests, for a period of 5 years as
from the receipt of a trade request. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Individual Investment Plans</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">For further information about these plans, see item 20.2
herein. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Accredited Brokers</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">All trades involving securities issued by the Company or
its subsidiaries (which are publicly held companies), conducted by the Company
or the Persons, must be intermediated by the brokers accredited by the Company
to trade its securities on the part of the Persons. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">d. Black-out period and description of supervision
procedures</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Black-out</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Persons who have adhered to the Trading Policy must
refrain from trading shares, directly or indirectly, in all periods in which, by
operation of communications issued by the Company's Investor Relations Officer,
a Black-out Period has been determined. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Other prohibitions, exceptions and additional information
are described in item 20.2 of this Reference Form. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">e. Places where the policy is available</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Trading Policy is available at the following
electronic address: ri.ambev.com.br, in the field &#8220;</FONT><I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Governan&#231;a Corporativa</FONT></I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">,&#8221; &#8220;</FONT><I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Pol&#237;ticas e C&#243;digos</FONT></I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">,&#8221; &#8220;</FONT><I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Manual de Divulga&#231;&#227;o e Uso de Informa&#231;&#245;es e Pol&#237;tica de
Negocia&#231;&#227;o de Valores Mobili&#225;rios de Emiss&#227;o da</FONT></I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT><I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Ambev</FONT></I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 105%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">.&#8221;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">373</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

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<a name="_bclHeader376"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">20.2 &#8211; Other material information</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Prohibitions</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Persons who have adhered to the Trading Policy must
refrain from trading shares, directly or indirectly, in all periods in which, by
force of communication issued by the Company&#8217;s Investor Relations Officer, a
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Black-out Period</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> has been determined. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Additionally, the trading of Company securities by the
controlling shareholders and the following persons is not allowed: Managers,
members of the fiscal council, and members of other bodies with technical or
advisory functions; (b) controllership and tax managers, legal counsels,
treasury manager and employees, investor relations manager and employees,
mergers and acquisitions manager and employees; new business manager, and
internal audit manager; (c) employees and officers with access to material
information; (d) </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">anyone who, by virtue of their office, function or
position in the Company&#8217;s </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">controlling shareholders,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> or in its subsidiaries or affiliates, has knowledge
about information on material acts or facts involving the Company</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">; and (e) persons having the following relationships with
the persons indicated in item (a) above: </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(i)</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> spouse, not judicially separated; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(ii)</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> companion; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(iii)</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> dependents included in the annual tax return; and
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">(iv)</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> business directly or indirectly controlled by the
managers and the like, or the persons listed in item (e) (collectively,
&#8220;Connected Persons&#8221;) in the following situations:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(a)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">preceding the disclosure to the market of a material act
or fact relating to the Company&#8217;s business.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">This prohibition is equally applicable to:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 64.35pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(i)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">any person with knowledge about any material information,
and aware of the fact that the information has not yet been disclosed to the
market, particularly persons holding a commercial or professional relationship,
or a relationship of trust with the Company, such as independent auditors,
securities analysts, consultants and securities distributors; and </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 64.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 64.35pt; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(ii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">former managers who have left management positions in the
Company right before the disclosure of material acts or facts originated during
their terms of office, until: (1) six (6) months after the date on which the
manager left the company; or (2) the public disclosure of the material
fact;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">whenever an option or mandate is in course or has been
granted for purposes of acquisition or disposal of Company shares by the Company
itself, its subsidiaries or affiliates, or other business under common control,
considering that this restriction is applicable to transactions with Company
securities carried out by the controlling shareholders and Connected Persons;
and by the controlling shareholders and Connected Persons exclusively on the
dates on which the Company trades, or informs the Accredited Brokers (as defined
below) that it will trade its own shares;</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(c)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">whenever a consolidation, total or partial spin-off,
merger, transformation or material corporate restructuring is being planned;
and</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(d)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">for a period of 15 days preceding the disclosure or
publication, as the case may be, of the Company&#8217;s quarterly information (ITR)
and the standard financial statements (DFP).</FONT><FONT style="POSITION: relative; TOP: 0.5pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">
</FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">This same restriction applies to the period of fifteen
(15) days preceding an early disclosure of the financial statements.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Regarding the events set forth in items (i) and (iii),
even after the disclosure of a material act or fact, the Black-out period should
still prevail in case a transaction may interfere &#8211; according to the Company&#8217;s
opinion &#8211; in the conditions of trades made with Company shares, and result in
loss for the Company and </FONT><a name="page_377"></a><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">its shareholders (CVM Instruction No. 358/02, article 13,
paragraph 5), while such additional restriction should be informed by the
Investor Relations Officer. </FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">374</FONT></P></DIV>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Exceptions</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The trading restriction provided for in item (a) above is
not applicable to private transactions with treasury shares linked to the
exercise of purchase options under the stock options plan approved by the
Company&#8217;s annual shareholders meeting, or to the granting of shares to managers,
employees or service providers as part of their compensation, as previously
approved in the annual shareholders meeting. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The trading restrictions provided for in items (a), (b)
and (c) above are not applicable to transactions conducted by the controlling
shareholders and Connected Persons based on individual investment plans, as
defined in the Trading Policy, provided that, if the additional requirements
described therein are met, the restriction described in item (d) above can also
be ignored.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Trading in own shares</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Trading Policy also determines that the Board of
Directors is not entitled to resolve on the acquisition or disposal of Company
shares before the public disclosure, through a material act or fact, of
information regarding: any covenants or agreements aiming at transferring the
Company&#8217;s share control; or (ii) the granting of options or mandate regarding
the completion of the transfer of share control; or (iii) the intention to
promote a consolidation, total or partial spin-off, merger, transformation or
corporate restructuring. If, after approval of the repurchase program, one of
the situations above arises, the Company should immediately interrupt the
transactions with its own shares until the disclosure of the relevant act or
fact. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Individual Investment Plans</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Individual Investment Plans should observe the following
requirements, among other provided for in the Trading Policy: </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(a)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">be formalized in writing with the Investor Relations
Officer, prior to any trades;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(b)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">irrevocably and irreversibly establish the dates and
amounts or quantities of trades to be conducted by the participants, the use
being permitted of algorithms and formulas that, once applied to a concrete
case, will determine whether the trades should or should not be conducted, and,
if so, the dates and financial amounts involved; </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(c)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">consider a minimum term of six (6) months for the plan
itself, any changes therein or possible cancellations to produce
effects;</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(d)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">nonexistence of another investment plan simultaneously in
force for the same Person; and</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 1cm; TEXT-INDENT: -1cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">(e)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">no transactions are carried out that may offset or
mitigate the economic effects of the transactions provided for in the investment
plan.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Board of Directors must verify, at least on a
half-yearly basis the compliance of the trades conducted by the participants
with the investment plans formalized by them whenever these plans are intended
to enable the conduction of trades in Black-out periods, taking into account the
other requirements set forth in the Trading Policy.</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">375</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_378></A>
<a name="_bclPageBorder378"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader378"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Trade Policy Monitoring</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">It is the responsibility of the Investor Relations
Officer to ensure the conduction and follow-up of the Trading Policy and
Individual Investment Plans. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Without prejudice to the penalties provided for in the
law, non-compliance with the provisions set forth in the Trading Policy will
result in disciplinary sanctions, according to the Company&#8217;s internal rules,
including, for example, as the case may be: warning, suspension or dismissal
with cause, according to the seriousness of the violation; and (ii) termination
of the agreement entered into with the Company, which may require, in any case,
as long as this is due, full compensation for all losses directly or indirectly
incurred by the Company as a result of non-compliance. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">376</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_379></A>
<a name="_bclPageBorder379"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader379"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21.1 - Description of internal rules, regulations or
procedures for disclosing information </FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s &#8220;Manual of Disclosure and Use of
Information and Securities Trading Policy&#8221; was approved by the Board of
Directors&#8217; meeting held on March 1, 2013, and reviewed by the Board of
Directors&#8217; meetings held </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">on August 27, 2014 and March 28, 2016</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> (&#8220;Manual&#8221;), as mentioned above, regarding the Trading
Policy. In respect to the disclosure and use of information (&#8220;Policy on
Disclosure and Use of Information&#8221;), the Manual provides guidance about the
disclosure of material information and maintenance of secrecy before the
disclosure of information to the public. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">377</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_380></A>
<a name="_bclPageBorder380"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader380"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21.2 - Description of the policy for disclosure of
material acts or facts, giving the communication channel(s) used for
disseminating the information on material acts and facts, and the procedures for
maintaining secrecy about relevant information not disclosed; and the location
where the policy can be found</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Policy on Disclosure and Use of Information binds the
following persons, who must sign a deed of commitment to the Manual:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face="times new roman">managers, controlling shareholders, members of the Fiscal
Council and members of other bodies with technical or advisory functions within
the Company;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%" face="times new roman">employees and offices with access to material
information; and</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 21.3pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.05pt; LINE-HEIGHT: 115%" face="times new roman">anyone who, by virtue of their office, function or
position in the Company or in the Company&#8217;s subsidiaries or affiliates, has
knowledge about information on material acts or facts involving the Company
(only regarding the obligation to keep the secrecy of confidential information,
as mentioned below).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Said persons with personal knowledge of material acts or
facts must inform the Investor Relations Officer in this regard. The Investor
Relations Office is responsible for submitting the information to the relevant
bodies and disclosing it to the press. </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Said persons also have a duty to keep the secrecy of all
material information to which they may have privileged access, until it is
disclosed to the market, and to ensure that subordinates and third parties close
to them do the same, being jointly responsible with them in case of
non-compliance with the secrecy obligation.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">If, after a communication (and if the decision to keep
secrecy is be configured, according to article 6 of CVM Instruction 358/02),
said persons notice any omission by the Investor Relations Officer regarding
fulfillment of his communication obligations, they must inform the material fact
immediately to the Brazilian Securities Commission (CVM), under penalty of
liability. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">In case of doubt regarding materiality of the
confidential information, the Connected Persons should contact the Investor
Relations Officer in order to clarify the doubt. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">As a rule, the Policy on Disclosure and Use of
Information provides for the immediate communication and simultaneous disclosure
of any material act or fact to CVM, the stock exchanges in which the Company&#8217;s
securities are listed, and the organized over-the-counter markets on which the
Company&#8217;s securities are traded. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The disclosure of material acts or facts should occur, if
possible, before the opening or after the closing of business in Stock Exchanges
the Country or abroad on which the Company trades its securities, although this
should preferably occur after the closing of the trading section. In case a
disclosure is required before the opening of the trading section, it must be
made, if possible, at least 1 hour before the opening, in order to avoid any
delays in opening of trades. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Company&#8217;s material acts or facts will be disclosed on
the news portal of the &#8220;Valor Econ&#244;mico&#8221; newspaper on the Internet (</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">www.valor.com.br/fatosrelevantes</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">), where the full text of Material Acts or Facts will be
made available to the market at no cost. The disclosure of material acts or
facts in any communication means, including information to the press, or during
meetings with professional organizations, investors, analysts or other specific
audiences, in Brazil or abroad, should be made simultaneously to the whole
market. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">If the disclosure of a material act or fact must take
place during trading hours, the Investor Relations Officers will be responsible
for analyzing the request - which must be made to domestic and foreign stock
exchanges simultaneously - to interrupt the trading of Company securities for
the time required for the dissemination of the material information.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">378</FONT></P></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_381></A>
<a name="_bclPageBorder381"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader381"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">According to the Policy on Disclosure and Use of
Information, material information may not be published in case the disclosure
thereof may put the legitimate interests of the Company at stake. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Non-disclosure of information must be resolved by the
Company&#8217;s controlling shareholders or managers, as the case may be. At any rate,
even in exceptional cases of non-disclosure, the controlling shareholders and/or
managers, as the case may be, are responsible for releasing the material act or
fact immediately, directly or through the Investor Relations Officer, in the
event that the information is beyond control, or in case of uncommon variations
in the quotations, prices or the quantity of Company securities traded.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Policy on Disclosure and Use of Information is
available at the following electronic address: http://ri.ambev.com.br, in the
field &#8220;</FONT><I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Governan&#231;a Corporativa</FONT></I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">,&#8221; &#8220;</FONT><I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Pol&#237;ticas e C&#243;digos</FONT></I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">,&#8221; &#8220;</FONT><I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Manual de Divulga&#231;&#227;o e Uso de Informa&#231;&#245;es e Pol&#237;tica de
Negocia&#231;&#227;o de Valores Mobili&#225;rios da Ambev</FONT></I><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">.&#8221;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=#767676 face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">379</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_382></A>
<a name="_bclPageBorder382"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader382"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21.3 - Managers in charge of implementing, maintaining,
assessing and inspecting the information disclosure policy</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">The Investor Relations Officer is primarily responsible
for communication and disclosure of material acts or facts involving the
Company, although the persons listed in 21.2 above are responsible for informing
any material acts or facts to the Investor Relations Officer. Also, it is the
responsibility of the Investor Relations Officer to ensure the enforcement and
follow-up of the Policy on Disclosure and Use of Information. However, all
persons who adhere to the Manual must honor the commitments assumed therein.
</FONT></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">380</FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>&nbsp; <A name=page_379></A>
<a name="_bclPageBorder383"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<a name="_bclHeader383"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt" align=center><I><FONT size=+0><FONT size=+0><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Free
translation of the original document filed with the Comiss&#227;o de Valores
Mobili&#225;rios &#8211; CVM on May 29, 2018</FONT></I></FONT></FONT></I></P></DIV>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">21.4 - Other information the issuer deems
relevant</FONT></B></P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">Not applicable, since all material information was
supplied in the items above. </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman"></FONT>&nbsp;</P></DIV>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="TEXT-ALIGN: center; DISPLAY: block; TEXT-INDENT: 0pt"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline"><FONT style="FONT-WEIGHT: bold; DISPLAY: inline"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">SIGNATURE</FONT></FONT></FONT></DIV><FONT style="FONT-SIZE: 9pt" face="Times New Roman"><BR></FONT>
<DIV style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align=left><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly
authorized.</FONT></FONT></DIV>
<DIV style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align=left><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</DIV>
<DIV style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align=justify></DIV>
<DIV style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align=left><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Date:&nbsp;May 30,
2018</FONT></FONT></DIV>
<DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=middle width="49%"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline">&nbsp;
      </FONT></TD>
    <TD vAlign=middle width="2%"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline">&nbsp;
      </FONT></TD>
    <TD vAlign=middle width="49%"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline">&nbsp;
      </FONT></TD></TR>
  <TR>
    <TD vAlign=middle width="49%"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline">&nbsp;
      </FONT></TD>
    <TD vAlign=middle width="51%" colSpan=2 align=left>
      <DIV style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align=left><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline">AMBEV
      S.A. </FONT></DIV></TD></TR>
  <TR>
    <TD vAlign=middle width="49%"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline">&nbsp;
      </FONT></TD>
    <TD vAlign=middle width="2%"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline">&nbsp;
      </FONT></TD>
    <TD vAlign=middle width="49%"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline">&nbsp;
      </FONT></TD></TR>
  <TR>
    <TD vAlign=middle width="49%"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline">&nbsp;
      </FONT></TD>
    <TD vAlign=middle width="2%" align=left>
      <DIV style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align=left><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline">By:&nbsp;
      </FONT></DIV></TD>
    <TD style="BORDER-BOTTOM: black 2px solid" vAlign=middle width="49%" align=left>
      <DIV style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align=left><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline">/s/
      <FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline">Ricardo
      Rittes de Oliveira Silva</FONT></FONT></FONT></DIV></TD></TR>
  <TR>
    <TD vAlign=middle width="51%" colSpan=2><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline">&nbsp;
      </FONT></TD>
    <TD vAlign=middle width="49%" align=left>
      <DIV style="DISPLAY: block; TEXT-INDENT: 0pt"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal; DISPLAY: inline">Ricardo
      Rittes de Oliveira Silva</FONT></DIV>
      <DIV style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align=left>
      <DIV style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align=left><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 10pt; DISPLAY: inline">Chief
      Financial and Investor Relations
Officer</FONT></DIV></DIV></TD></TR></TABLE></DIV></DIV>
<DIV><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</DIV>
<DIV id=PGBRK style="WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
<DIV id=FTR>
<DIV id=GLFTR style="WIDTH: 100%" align=left><FONT style="FONT-FAMILY: 'Times New Roman; COLOR: #000000; FONT-SIZE: 8pt; DISPLAY: inline"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">&nbsp; </FONT></FONT></DIV></DIV>
<DIV id=PN>
<DIV style="WIDTH: 100%; TEXT-ALIGN: center"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">&nbsp; </FONT></FONT></DIV></DIV>
<DIV id=HDR>
<DIV id=GLHDR style="WIDTH: 100%" align=right><FONT style="FONT-FAMILY: 'Times New Roman; COLOR: #000000; FONT-SIZE: 8pt; DISPLAY: inline"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">&nbsp;
</FONT></FONT></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV></DIV>
<DIV></DIV>
<DIV></DIV>
<DIV></DIV>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">381</FONT></P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
